France Rejects Crypto Exit-Tax Proposals, Delays 2027 Budget Vote

France’s National Assembly postponed a planned vote on the revenue section of its 2027 state budget for the second time, according to the Assembly’s end-of-session notice. Debate will continue Tuesday with 758 amendments still pending. The move follows the postponement of the original Oct. 20 vote, when more than 2,000 amendments awaited consideration. Lawmakers have until midnight on Nov. 17 to complete the first reading; if the revenue section is rejected, the government’s original proposal will advance to the Senate without amendments approved by members of parliament.

The Assembly also rejected two proposals that would have extended France’s exit-tax regime to crypto assets. One measure, which sought to include unrealized cryptocurrency gains in the existing framework, failed by 27 votes to 55, with one abstention. A separate proposal was rejected 31 votes to 60.

The second proposal would have applied a tax to unrealized gains on household crypto holdings exceeding €800,000 when taxpayers transferred their tax residence outside France, provided they had been French tax residents for at least six of the preceding 10 years.

Other crypto-tax proposals remain under consideration. These include mandatory reporting of self-custodied holdings worth at least €100,000 based on their year-end value and an exemption for crypto payments totaling no more than €1,000 per tax year. Lawmakers also approved a proposal on Oct. 16 to tax gains generated when crypto assets are converted into fiat-pegged stablecoins, but that measure has not yet become law.