The Finance Committee of the French National Assembly passed an amendment on the stablecoin exchange tax and the cryptocurrency exit tax

This week, the Finance Committee of the French National Assembly passed two amendments regarding cryptocurrency taxation: starting from January 1, 2027, exchanges of stablecoins regulated by MiCA will be considered taxable sales; and a departure tax will be imposed on tax households relocating abroad with a total value of cryptocurrency assets exceeding 800,000 euros. The committee rejected the budget revenue portion with a vote of 31 to 3, and the full National Assembly will review the original text proposed by the government. The aforementioned amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20.

The related measures have not yet become law. The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signers, applicable to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate but intends to incorporate the relevant income into France's existing unified tax system of 31.4%. The committee also passed an amendment proposed by Daniel Labaronne, allowing investors to carry forward cryptocurrency asset losses for 10 years to offset future gains. The proposed departure tax applies to taxpayers who have been French tax residents for at least 6 out of the past 10 years and whose cryptocurrency assets, including custodial assets, have a total value exceeding 800,000 euros.