France’s proposed crypto tax changes cleared committee votes but face another hurdle: lawmakers must reintroduce them after the National Assembly Finance Committee rejected the budget’s entire revenue section on October 10, 2026. The proposals would tax qualifying stablecoin swaps and impose an exit tax on eligible holders moving abroad with more than €800,000 in crypto assets .
Key takeaways
France’s crypto tax amendments are not yet law.
Covered stablecoin conversions would face the existing 31.4% flat tax.
A separate proposal offers ten-year loss carryforwards.
Budget floor debate starts October 13, 2026.
According to CoinCentral , the committee rejected the revenue section by 31 votes to 3 , despite earlier approving the crypto measures. The full Assembly will therefore begin with the government’s original budget text, which excludes those amendments.
Both proposed tax rules have a January 1, 2027 start date, subject to passage through the remaining legislative process. A third amendment would extend the period investors have to offset eligible crypto losses against future gains.
France’s crypto tax changes target eligible holders moving abroad
The proposed exit tax would cover certain unrealized gains when eligible taxpayers move their tax residence outside France . It applies to households with crypto holdings exceeding €800,000 and requires the departing taxpayer to have held French tax residence for at least six years during the preceding ten years .
Nicolas Sansu filed the amendment with 16 co-signers. It would extend article 167 bis of the French tax code—the framework used for qualifying stock holdings—to cryptocurrency assets. The proposed crypto threshold matches the existing threshold for shares.
Taxpayers would have to declare every crypto holding as of their departure date, including assets kept abroad and in self-custody wallets . An exchange of one cryptocurrency for another, without cash changing hands, would not constitute a sale under this exit-tax rule.
Crypto.news, citing National Assembly records, reported that the committee adopted the exit-tax amendment, I-CF1822, on October 8, 2026.
Stablecoin conversions would become taxable sales
The stablecoin proposal would treat conversions into qualifying electronic money tokens as taxable transactions from January 1, 2027 , if enacted. It would apply France’s existing 31.4% flat tax , rather than create a separate rate.
Under current French rules, qualifying crypto-to-crypto exchanges generally do not immediately trigger capital-gains taxation. That treatment can include conversions into stablecoins tied to currencies such as the dollar or euro.
Sansu’s amendment, I-CF1826, would remove that exemption when the received tokens meet the electronic-money-token definition in the European Union’s Markets in Crypto-Assets Regulation, or MiCA . The committee adopted it on October 7, 2026.
The amendment’s explanatory statement argues that existing treatment lets investors move appreciated crypto into fiat-backed stablecoins without incurring the tax applicable to a direct sale for traditional currency. Covered gains or losses would be calculated from the disposal value minus acquisition cost, with documented transaction expenses deductible from the disposal value.
For assets bought before January 1, 2027, investors could use documented individual purchase prices or allocate total portfolio acquisition cost as of December 31, 2026, according to each asset’s value on that date. Choosing the allocation method would be irrevocable when filing the first return covering a taxable disposal after implementation.
Loss relief and the next parliamentary votes
A separate amendment from Daniel Labaronne would allow qualifying realized crypto losses to offset eligible gains for ten years . Existing rules generally restrict those offsets to gains arising in the same tax year.
The relief concerns deductions for realized losses, not direct compensation for holdings that fall in value. These proposed crypto tax changes in France still require parliamentary approval.
Lawmakers must file the measures again for consideration in the budget revenue debate scheduled to begin on October 13, 2026 . The vote is scheduled for October 20, 2026.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
