What Happened
The French National Assembly is currently reviewing a series of high-stakes tax amendments targeting cryptocurrencies within the 2027 finance bill. While the standard flat tax remains untouched at 31.4%, the finance committee has already voted on several measures that significantly tighten the grip on digital assets. These include closing legal loopholes around stablecoin conversions and expanding wealth tracking mechanisms.
At the same time, broader European rules like the DAC8 directive are automatically compelling platforms to share user data with tax authorities starting in 2026, meaning enhanced fiscal scrutiny is already arriving from Brussels.
## Why It Matters
The proposed changes introduce aggressive new rules for everyday holders and investors alike. Notably, the committee adopted an amendment to tax the conversion of Bitcoin into stablecoins—a maneuver previously used to lock in gains tax-free without returning to traditional fiat currency.
Furthermore, lawmakers have pushed forward an extended "exit tax" targeting crypto portfolios exceeding €800,000 for individuals leaving France. On the control side, lawmakers are pressing for stricter oversight of self-hosted wallets and imposing hefty penalties on financial operators who fail to comply with data requests.
## Important Context
Not all proposed updates lean toward heavier taxation. The committee has advanced measures to support long-term holding, such as allowing investors to carry forward capital losses over a ten-year period—aligning crypto rules with traditional stock market practices. Other proposals aimed at introducing a personal wealth tax that explicitly includes Bitcoin have been firmly rejected.
Crucially, none of these committee-stage decisions are finalized laws yet. The amendments must survive upcoming debates in the public assembly and potential legislative pushback before taking permanent effect.
## What's Next
The finance committee will finalize its remaining votes, setting the stage for full parliamentary debates through mid-October and a definitive budget vote later this autumn. Similar aggressive tax proposals have faced rejection or modification in past legislative cycles, meaning the final text could still shift significantly before implementation.
