French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget
Summary
France’s National Assembly Finance Committee approved amendments that would tax crypto-to-stablecoin swaps and extend the exit tax to crypto holdings above €800,000 when wealthy residents move abroad. A separate amendment would let investors carry crypto losses forward for 10 years. The proposals are not law: the committee rejected the budget’s revenue section, so sponsors must reintroduce them during the Assembly debate beginning Oct. 13. If passed through the remaining process, the stablecoin and exit-tax measures would take effect Jan. 1, 2027.
