France 2027 Budget: Ten Crypto Amendments Unveiled, Stablecoin Taxation and Wallet Reporting on Agenda

According to Journal du Coin, France's 2027 finance budget bill was submitted to the National Assembly on October 1, with the Finance Committee voting on ten cryptocurrency amendments since October 7. As of October 8, three have been adopted: stablecoin exchanges included as taxable events (effective January 1, 2027), an exit tax on crypto assets exceeding €800,000, and crypto losses eligible for deferred deduction over ten years; a proposal to extend the wealth tax to crypto assets was rejected; a tax-cut amendment submitted by Paul Midy was directly ruled invalid for violating Article 40 of the Constitution (prohibiting reduction of public revenue). Additionally, the EU's DAC8 directive has, since January 1, 2026, mandated platforms to collect user identity and transaction data, with first declarations to tax authorities due by June 15, 2027, taking effect without parliamentary vote. Another proposal seeks to require reporting of self-custody wallets valued at over €100,000, with fines up to €10,000 for non-compliance. These amendments are not yet legally binding; the full assembly of deputies will deliberate from October 13 to 19, with the final vote scheduled for November 17.