Crypto tax

South Korea

2026-10-14 02:43:53

South Korea plans crypto tax rollout in January, but tracking gaps remain

South Korea is planning to begin taxing cryptocurrency transactions in January next year, according to a report by Korean media outlet Sedaily cited by ChainCatcher. The move, however, is still facing weaknesses in the country’s tax infrastructure. National Tax Service Commissioner Lim Kwang-hyun said during a parliamentary audit that authorities are preparing for a smooth implementation of the tax regime. He also acknowledged that some areas remain difficult to monitor in practice, including transfers between private wallets and trading activity conducted on overseas platforms. The report said that even if South Korea adopts the Crypto-Asset Reporting Framework, or CARF, it would still be difficult to capture every transaction. Sedaily’s report also noted that related regulatory blind spots had already surfaced earlier when the Bank of Korea underwent a parliamentary audit. The latest remarks point to an unresolved enforcement problem ahead of the planned tax launch: the policy may move forward on schedule, but full transaction visibility is still not in place.

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France

2026-10-12 11:25:56

French committee rejects 2027 budget revenue section, voiding earlier crypto tax amendments

France’s National Assembly Finance Committee voted 31-3 last Friday to reject the revenue section of the government’s 2027 budget bill, a move that nullified a set of crypto-related tax amendments that had been approved earlier. According to Euronews, the invalidated measures included proposals tied to crypto exit tax rules and taxation of conversions from crypto assets into stablecoins. The proposals will now need to be refiled starting Tuesday. The committee had previously backed several amendments affecting crypto taxation. Among them was a plan to treat conversions of crypto assets into stablecoins as taxable events starting Jan. 1, 2027. Other measures would have broadened the scope of the exit tax and required taxpayers to declare self-custodied wallets worth more than 100,000 euros at year-end. Failure to report such wallets could have led to fines of as much as 10,000 euros. Under the current legislative schedule, the National Assembly is set to vote again on the budget’s revenue section on Oct. 20, while a vote on the full bill is scheduled for Nov. 17.

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France

2026-10-12 11:23:46

French parliamentary committee backs crypto tax amendments

France’s National Assembly finance committee voted last week to approve several cryptocurrency tax amendments, according to Euronews. The proposals would impose an exit tax from 2027 on residents holding more than €800,000 in crypto assets if they move abroad. The scope would cover tokens held on foreign platforms as well as assets in self-custodied wallets, though the tax rate has not yet been specified. For moves within the European Union, taxpayers could apply to defer payment, and the tax could be waived after holding the assets for two to five years. The package also includes a mandatory reporting rule for self-custodied wallets valued at more than €100,000 at year-end. Failure to declare them could lead to fines of up to €10,000. In addition, crypto-to-stablecoin conversions would be brought under France’s existing flat 31.4% tax regime. The measures are not yet final. Euronews said the committee rejected the budget revenue section by 31 votes to 3, which means the amendments must be resubmitted on Tuesday. Another vote is scheduled for Oct. 20, and the full bill is set for a vote on Nov. 17 before being sent to the Senate.

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France

2026-10-12 11:30:22

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

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.

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France

2026-10-12 06:42:26

French lawmakers propose tax reporting rule for self-custodied crypto holdings above €100,000

French lawmakers have advanced a proposal that would require holders of self-custodied crypto assets worth more than €100,000 to report those holdings to tax authorities, with penalties of up to €10,000 for non-compliance. The amendment, numbered I-CF821, was approved by the Finance Committee of the National Assembly and was introduced by LIOT lawmakers Charles de Courson, Jean-Pierre Bataille, and Michel Castellani. It would apply to crypto assets not held with a Crypto-Asset Service Provider, including personal wallets, hardware wallets, and other non-custodial environments, with reporting based on market value as of Dec. 31. The proposal cites parliamentary tax data showing that France recorded €3.5 billion in crypto capital gains in 2021, while only €400 million in crypto holdings were reported to tax authorities, implying a reporting rate below 12%. Supporters say the gap points to systematic tax leakage. Still, the measure is far from law. The revenue section of the 2027 budget bill, to which the amendment was attached, was rejected by the committee on Oct. 11 in a 31-3 vote. As a result, the crypto provisions will not automatically move to a full parliamentary vote and would need to be refiled during renewed debate starting Oct. 14.

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France

2026-10-12 05:01:00

French committee backs stablecoin conversion tax and crypto exit tax, then rejects budget revenue package

France’s National Assembly finance committee approved two crypto tax amendments this week, one treating crypto-to-stablecoin conversions as taxable events and another extending the country’s exit tax to certain wealthy crypto holders who move abroad. The move briefly signaled a tougher tax stance, but the picture changed within days: on Friday, the same committee voted 31-3 to reject the entire revenue section of the budget bill. As a result, the full Assembly will examine the government’s original text, which does not include the crypto amendments. The stablecoin measure was introduced by Nicolas Sansu of the left-wing GDR group and 16 co-signers. It targets what the sponsors described as a legal gap in France’s current framework, where swapping Bitcoin for stablecoins does not trigger tax if gains have not been converted into fiat or spent. The amendment would apply MiCA-defined e-money tokens and, from Jan. 1, 2027, treat such conversions as disposals taxed under France’s flat tax regime, now at 31.4% after the social tax component rose from 17.2% to 18.6%. A separate amendment would extend France’s exit tax to crypto assets when a tax household holds more than €800,000 in crypto and the taxpayer has been a French tax resident for at least six of the previous 10 years. Supporters must refile the measures during plenary debate starting Oct. 13. A final vote is scheduled for Oct. 20.

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France

2026-10-11 10:51:06

French lawmakers propose unrealized gains tax on crypto holders leaving the country

French lawmakers have put forward two crypto tax amendments as part of the country’s 2027 budget process. One proposal would impose an unrealized capital gains tax on residents who leave France while holding crypto assets worth more than €800,000, or about $900,000. The measure would extend a tax treatment already applied to stocks, while crypto assets have so far remained exempt. The amendment was submitted by left-wing lawmaker Nicolas Sansu and 17 others, and cleared the National Assembly’s finance committee on Oct. 8. A separate proposal would change how certain crypto-to-crypto transactions are taxed. Starting Jan. 1, 2027, converting Bitcoin into dollar-denominated stablecoins and similar assets would be treated as a sale and taxed at France’s flat 31.4% rate. Under the current framework, such conversions are generally taxed only when the proceeds are exchanged into fiat currency. Both measures are amendments to the 2027 budget bill. Their path remains uncertain, however. On Oct. 9, the committee voted 31-3 to reject the entire tax section, meaning debate is set to resume on Tuesday. Both proposals would need to pass the committee again and then go through Senate review.

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France

2026-10-10 13:01:03

French Finance Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, but Budget Rejection Halts Momentum

France’s National Assembly Finance Committee approved two crypto-related tax amendments this week, one treating swaps into certain stablecoins as taxable disposals and another extending the country’s exit tax to large crypto holders who move their tax residence abroad. The committee also approved a separate measure allowing crypto losses to be carried forward for 10 years. The immediate effect is limited. On Friday, the committee rejected the entire revenue section of the budget by 31 votes to 3, which means the Assembly will begin debate from the government’s original text rather than the amended version. Supporters would need to refile the crypto measures for the floor debate starting Oct. 13, and neither proposal is law at this stage. Under the stablecoin amendment, swaps into MiCA-defined electronic money tokens would be treated as sales from Jan. 1, 2027, with gains measured against the holder’s acquisition cost. The exit-tax proposal would apply to tax households with more than €800,000 in crypto if the taxpayer had been a French tax resident for at least six of the previous 10 years. A formal vote on the budget’s revenue section is scheduled for Oct. 20.

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