France’s 2027 finance bill was submitted to the National Assembly on Oct. 1, and the finance committee began voting on 10 cryptocurrency-related amendments on Oct. 7, according to Journal du Coin. As of Oct. 8, three amendments had passed: stablecoin conversions would become taxable events starting Jan. 1, 2027; crypto holdings above €800,000 would fall under an exit tax; and crypto losses could be carried forward for 10 years. A proposal to extend the personal wealth tax to crypto assets was rejected. A separate tax-cut amendment filed by Paul Midy was ruled inadmissible under Article 40 of the French Constitution, which bars measures that reduce public revenue. Separately, the EU’s DAC8 directive has already required platforms to collect user identity and transaction data since Jan. 1, 2026, with a first filing to tax authorities due by June 15, 2027, without requiring a parliamentary vote. Another proposal would require disclosure of self-custodied wallets valued above €100,000, with fines of up to €10,000 for non-compliance. The amendments are not yet law. A full session review is scheduled for Oct. 13 to 19, with a final vote set for Nov. 17.
France’s 2027 finance bill was submitted to the National Assembly on Oct. 1, and the finance committee began voting on 10 cryptocurrency-related amendments on Oct. 7, according to Journal du Coin.
Three amendments had passed as of Oct. 8
By Oct. 8, three of the proposed amendments had been approved.
- Stablecoin conversions would be treated as taxable events starting Jan. 1, 2027.
- Crypto assets worth more than €800,000 would be subject to an exit tax.
- Crypto losses would be allowed to be carried forward for 10 years.
Rejected and invalidated proposals
A proposal to expand the personal wealth tax to crypto assets was rejected.
A separate tax-cut amendment submitted by Paul Midy was ruled inadmissible under Article 40 of the French Constitution, which prohibits measures that reduce public revenue.
DAC8 and another pending proposal
The EU’s DAC8 directive has required platforms to collect user identity and transaction data since Jan. 1, 2026. The first report to tax authorities is due by June 15, 2027, and the measure takes effect without a parliamentary vote.
Another proposal would require disclosure of self-custodied wallets valued at more than €100,000, with penalties of up to €10,000 for violations.
Next steps in parliament
None of the amendments has legal effect yet. The full National Assembly is scheduled to review them from Oct. 13 to 19, with a final vote set for Nov. 17.
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