France’s 2027 Budget: Ten Crypto Amendments Unveiled, Stablecoin Taxation and Wallet Declarations Put on the Agenda

As reported by Journal du Coin, France’s 2027 budget bill was submitted to the National Assembly on October 1, with the Finance Committee beginning to vote on ten cryptocurrency-related amendments on October 7. As of October 8, three have been passed: stablecoin conversions are treated as taxable events (starting January 1, 2027), cryptocurrencies valued over €800,000 are subject to an exit tax, and cryptocurrency losses can be deferred and deducted over a ten-year period; a proposal to expand the wealth tax to cover crypto assets was rejected; and a tax-cut amendment submitted by Paul Midy was directly declared invalid for violating Constitutional Article 40, which prohibits reductions in public revenue. Additionally, the EU DAC8 directive mandates that platforms collect user identity and transaction data starting January 1, 2026, with initial reports to tax authorities due by June 15, 2027, taking effect automatically without a parliamentary vote. Another proposal would require reporting of self-custody wallets valued above €100,000, carrying maximum fines of €10,000 for violations. The aforementioned amendments are not yet legally binding. The plenary session will deliberate on them from October 13 to 19, with the final vote set for November 17.