French lawmakers are considering an amendment to the 2027 budget bill that would impose an exit tax on unrealized crypto gains. The measure, proposed by deputy Nicolas Sansu and 16 co-signers, targets individuals who have resided in France for six of the past 10 years and hold portfolios exceeding €800 000.
The tax would apply to assets held on trading platforms and in personal wallets, regardless of location. Taxpayers would be required to report all holdings upon departure. Currently, France applies similar exit taxes to shares, but crypto assets have remained exempt from this specific regulation.
A separate proposal targets stablecoin swaps. Starting January 2027, converting Bitcoin or other cryptocurrencies into dollar-pegged tokens would be treated as a taxable sale at a flat rate of 31.4%. Proponents argue this closes a legal loophole, noting that similar taxation exists in the UK and Italy.
The legislative process remains ongoing. Although the National Assembly’s finance committee initially adopted these measures, it later rejected the entire tax section of the budget by 31 votes to 3. The debate is scheduled to restart on Tuesday based on the government’s original text, requiring subsequent approval from the Senate.
