France's National Assembly postponed the vote on the revenue section of the 2027 state budget for a second time and will keep debating it, with 758 amendments still pending. The deadline to finish the first-reading review is midnight on Nov. 17, and if the revenue section is rejected, the government's proposal will go to the Senate without the amendments MPs adopted. On Friday, lawmakers also rejected two proposals to apply exit taxes to unrealized crypto gains, including one covering household holdings worth more than 800,000 euros ($897,000). Other crypto proposals still await debate, including reporting self-custodied holdings worth at least 100,000 euros ($112,000) and tax exemption for gains on crypto payments for goods and services totaling no more than 1,000 euros ($1,120) in a tax year. A proposal approved on Oct. 16 to tax gains when crypto is converted into fiat-pegged stablecoins has not yet become law.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 1.11875 |
| Change that session | +0.25% |
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/02/2026 | 2,253.29 |
| Change that session | -0.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- French Senate adopts bill for automatic sharing of crypto tax data
The French Senate adopted a bill allowing tax authorities to automatically exchange crypto transaction data with foreign counterparts, and the bill was sent to the National Assembly as Bill no. 3421 for consideration. It is based on the OECD's Crypto-Asset Reporting Framework (CARF) and updates an existing agreement on financial account information. France already imposed crypto reporting obligations under the 2025 Finance Act, implementing the EU's DAC8. Separately, the National Assembly adopted an amendment on Oct. 16 to tax gains from conversions into certain fiat-pegged stablecoins from Jan. 1, 2027, but it is not law yet and a vote is scheduled for Nov. 3. The article also cites data security concerns over the planned EU central repository for crypto reports, and CertiK data showing France accounted for 33 of 52 verified wrench attacks worldwide in the first half of 2026.
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French lawmakers narrowly approved amendment I-3898 to the 2027 budget on October 16, by 38 votes to 37 with 25 abstentions, which would remove tax deferral on crypto-to-stablecoin swaps. From January 1, 2027, swaps into MiCA-compliant e-money tokens would fall under the 31.4% capital gains rate even without a cash withdrawal to a bank account. The amendment still must pass the remaining budget stages and could be changed or removed. Chainalysis's regional sales director for France, Francois Volpoet, warned that the levy could push investors toward DeFi, peer-to-peer trades and offshore exchanges, while Public Accounts Minister David Amiel questioned implementation and asked for the amendment to be withdrawn.
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France's National Assembly adopted Amendment I-3898 by 38 votes to 37, with 25 abstentions, which would tax gains when crypto such as Bitcoin is swapped into stablecoins, even without converting to fiat; if enacted, it could apply from 2027. The calculation would use the acquisition cost of the sold asset and the weighted average purchase price. The same day, the Assembly rejected a proposal to carry forward realized crypto losses for 10 years, by 18 votes to 75 with 3 abstentions. Two proposals remain under consideration for the 2027 Finance Bill: Amendment I-CF1822 would extend the exit tax to unrealized gains for portfolios above €800,000 ($895,000) when taxpayers move their residence abroad, and Amendment I-2701 would require declaring self-custodial wallet holdings above €100,000 ($112,000).
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France is considering a 31.4% capital gains tax on swaps from cryptocurrencies into EU MiCA-regulated stablecoins, starting January 1, 2027. Chainalysis France CEO Francois Volpoet warned this could push traders toward unmonitored offshore stablecoins, and argued regulated stablecoin transactions are easier to monitor than DeFi or self-hosted wallets. Other amendments would require disclosure of self-hosted wallets holding at least €100,000, extend the exit tax to holdings worth roughly $900,000, and allow crypto losses to be carried forward for 10 years. None of the measures is law yet: the finance committee rejected the revenue section of the 2027 budget, so the amendments must return to the full National Assembly, with a vote scheduled for October 20. Greece, by contrast, is preparing a 10% capital gains tax on crypto.
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