French Lawmakers Reject Two Proposals to Tax Unrealized…
By Abdelaziz Fathi
AI summary of the source article
France's National Assembly rejected two proposals to extend exit taxes to cryptocurrency holdings. Meanwhile, budget debate delays leave proposals on stablecoin conversions and self-custody wallet reporting unresolved.
Why it matters
The rejected amendments remove an immediate proposed tax liability for qualifying crypto holders relocating abroad, although the budget process remains unfinished.
Key facts
- Lawmakers rejected two amendments that would have applied exit taxes to unrealized gains on cryptocurrency holdings.
- A previously approved amendment to tax certain crypto-to-stablecoin conversions from January 1, 2027, remains pending final budget approval.
- The Finance Committee approved a proposal requiring disclosure of self-custodied crypto wallets holding at least €100,000, but it has not become law.
Source excerpt · FinanceFeeds
France's National Assembly has rejected two proposals to extend exit taxes to cryptocurrency holdings, while another delay in voting on the 2027 state budget leaves separate measures targeting stablecoin conversions and self-custodied wallets unresolved. Lawmakers were scheduled to vote on the budget's revenue section on Tuesday, November 3, but parliamentary records show that debate will continue…