Tax policy watch: France’s National Assembly has postponed the vote on the 2027 budget and withdrawn a proposed exit tax on cryptocurrency. The proposal would have taxed unrealized crypto gains when someone moved their tax residence abroad. A separate proposal to tax gains on household crypto holdings worth more than about €800,000 was also rejected. Keep an eye on which crypto tax provisions remain in later debates, their implementation timeline, and whether this will slow cross-border relocations by high-net-worth individuals. Don’t assume the withdrawal means a permanent easing of policy, and don’t overlook the possibility that other pending proposals could still change.