French National Assembly rejects budget revenue section, dropping crypto tax proposals
France's National Assembly has rejected the revenue portion of the 2027 budget bill, removing three crypto-focused amendments that covered stablecoin taxation and self-custody wallet reporting from the version heading to the Senate.
France's National Assembly has voted down the revenue section of the 2027 budget bill, according to reports by crypto.news and Coin Telegraph. The rejection sidelines several crypto tax proposals and removes three previously adopted amendments from the draft sent to the Senate.[1][3]
The dropped provisions included proposed taxes on stablecoin conversions as well as disclosure rules for self-custody crypto wallets. Crypto Briefing reported that one of the discarded proposals was a rule requiring reporting on self-custody crypto holdings exceeding €100,000.[1][2][3]
While the three measures have fallen away from the budget legislation for now, they could still be reintroduced when the bill undergoes consideration in the French Senate, according to Coin Telegraph.[3]
Key facts
- France's National Assembly rejected the revenue section of the 2027 budget bill.
- The rejection removed three adopted crypto-related amendments from the draft traveling to the Senate.
- The sidelined amendments included taxes on stablecoin conversions and reporting rules for self-custody wallets.
- A dropped reporting proposal specifically targeted €100,000 in self-custody crypto holdings.
- The dropped crypto amendments may be reintroduced during Senate budget debates.
Sources · 3 sources
- CN
crypto.news@cryptodotnewsPost on X ·
LATEST: French National Assembly rejects 2027 budget revenue section, sidelining crypto tax proposals The decision removes several crypto-related amendments from the version heading to the Senate, including proposed taxes on stablecoin conversions and reporting requirements for self-custody wallets.
Open source - CB
Crypto BriefingArticle ·
France drops €100,000 self-custody crypto reporting rule from 2027 budget The removal of the crypto reporting rule highlights ongoing challenges in balancing regulatory oversight with privacy in self-custody practices. The post France drops €100,000 self-custody crypto reporting rule from 2027 budget appeared first on Crypto Briefing .
Open source - CT
Coin TelegraphArticle ·
France budget rejection sidelines stablecoin tax, wallet reporting Three adopted amendments, including stablecoin taxation and self-custody reporting, fall away but could be reintroduced in the Senate.
Open source