Regulation· ★★★★· bearish·

France: five crypto amendments to 2027 budget passed in committee, but full budget rejected

  • —Amendment I-CF1826 approved: crypto-to-stablecoin swaps to be taxed at 31.4% from January 1, 2027
  • —Exit tax adopted for those leaving France with crypto assets above €800,000
  • —Self-custody wallets worth €100,000+ would require declaration, with fines up to €10,000
  • —Fine for crypto platforms refusing to hand documents to tax authorities raised from €10,000 to €50,000
Why it matters: France could become the first EU state to tax crypto-to-stablecoin swaps and impose an exit tax, setting a precedent for other countries.
Source: Journal du Coin
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