French lawmakers push crypto exit tax plan, with fines up to €10,000 for unreported self-custody wallets

News Editor

2026-10-12 11:30:22

France’s National Assembly finance committee last week approved several tax amendments targeting crypto assets, including a proposal to bring holdings such as Bitcoin into the country’s exit tax regime from 2027. Under the draft, taxpayers who lived in France for at least six of the past 10 years and leave the country while holding stocks and other securities worth more than €800,000 are already subject to exit tax on unrealized gains; the amendment would apply the same threshold to crypto held on overseas platforms and in self-custody wallets. Lawmakers also proposed a reporting rule for self-custody wallets: if the combined value reaches €100,000 or more at year-end, taxpayers would need to declare it or face fines of up to €10,000. Other committee-backed measures include taxing crypto-to-stablecoin swaps from 2027, allowing crypto losses to offset gains over the next 10 years, and raising penalties for failing to provide documents requested by tax authorities from €10,000 to €50,000 per instance. The measures have not yet taken effect and must be reintroduced and voted on by the full Assembly after the committee rejected the revenue section of the 2027 budget bill.

According to BlockBeats, on Oct. 12 France’s National Assembly finance committee approved several tax amendments related to crypto assets last week, including a proposal to bring crypto into the country’s exit tax regime from 2027 and to impose fines of up to €10,000 for failing to report large self-custody wallets.

Crypto proposed for inclusion in exit tax rules

Under the proposal, taxpayers who have lived in France for at least six of the past 10 years and who leave the country while holding stocks and other securities with a total value above €800,000 are currently subject to exit tax on unrealized gains. The new amendment would apply the same threshold to crypto assets such as Bitcoin, covering holdings on overseas platforms as well as in personal self-custody wallets.

The applicable tax rate has not yet been specified. Some taxpayers moving to the European Union and certain other countries could defer payment, and if they continue to hold the assets خلال the required two- to five-year period, the tax could be canceled.

Self-custody wallet reporting and other tax changes

Lawmakers also proposed that taxpayers whose self-custody wallets have a combined value of €100,000 or more at the end of the year must file a declaration. Failure to do so could result in a fine of up to €10,000. At present, France only requires the declaration of overseas crypto accounts.

Other measures backed by the committee include:

taxing crypto-to-stablecoin conversions from 2027;
allowing crypto losses to offset gains over the next 10 years;
raising the penalty for failing to submit documents requested by tax authorities from €10,000 to €50,000 per case.

Measures still need a full parliamentary vote

None of the measures has formally taken effect. Because the National Assembly finance committee rejected the revenue section of the 2027 budget bill, the amendments must be reintroduced and voted on in the full Assembly.

French lawmakers are expected to vote again on the budget’s revenue section on Oct. 20 and on the full budget bill on Nov. 17.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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