French digital-asset tax amendments have not yet become law after the budget revenue section was rejected by the committee
BIBIBI
AT A GLANCE
French lawmakers have proposed digital-asset tax amendments, but the relevant measures have not yet become law.
Article
France proposes imposing 31.4%capital gains tax on Bitcoin-to-stablecoin exchanges and requiring declarations 100000 EUR self-custodied wallets above
PANews October 16 reported, citing Bitcoin News, that French lawmakers, during 2027 budget discussions, proposed several digital-asset tax amendments. First, they would extend the current 31.4%capital gains tax to Bitcoin-to-stablecoin transactions, limited to stablecoins meeting MiCA's definition of electronic money tokens, such as USDC. Second, an exit tax would apply to individuals holding more than 800000 EUR in digital assets who move their tax residence out of France. Third, self-custodied holdings valued at least 100000 EUR would have to be declared, with a maximum penalty of 10000 EUR for violations. Fourth, losses could be carried forward for 10 years. The National Assembly Finance Committee October 9 rejected the budget revenue section by 31 to 3, and the relevant amendments must be resubmitted. The revenue section had been scheduled for October 20 a vote, and none of the measures has become law.
During 2027 budget discussions, French lawmakers proposed several digital-asset tax amendments.
02
The proposal would extend 31.4%capital gains tax to Bitcoin exchanges into stablecoins meeting MiCA's definition of electronic money tokens; the report cites USDC as an example.
03
The proposal includes an exit tax for individuals holding more than 800000 EUR in digital assets who move their tax residence out of France.
04
The proposal would require declarations of self-custodied holdings valued at least 100000 EUR, with a maximum penalty of 10000 EUR for violations, and would permit losses to be carried forward for 10 years.
05
The French National Assembly Finance Committee October 9 rejected the budget revenue section by 31 to 3, and the relevant amendments must be resubmitted.
06
The budget revenue section had been scheduled for October 20 a vote, and none of the relevant amendments has yet become law.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a set of tax proposals still under discussion, not laws that have already taken effect. If adopted in the future, they could affect digital-asset transactions, relocation, and declarations of self-custodied holdings in France.
Why it matters to readers
The proposals cover transaction taxes, exit taxes, and self-custody declarations, potentially increasing related compliance requirements; however, they have not yet taken effect.
Beginners should first distinguish between a “lawmakers' proposal” and a “formal law” and should not infer from this that tax payment or declaration obligations currently exist.
Risks and unknowns
The evidence does not state whether the amendments will be resubmitted.
The evidence does not state whether the final bill will retain provisions on Bitcoin-to-stablecoin exchanges, self-custody declarations, and exit taxes.
The evidence does not state the final text's specific definitions of stablecoins meeting the MiCA definition or the scope of declaration requirements.
Related Developments
Loading event timeline…
Related concepts
Capital gains tax
This term is not in the glossary yet. Browse related concepts in the glossary.
