🗳️ The French National Assembly rejected the revenue section of the 2027 budget by 458 votes to 0, with 2 abstentions, preventing the approved crypto tax amendments from being included in the draft submitted to the Senate for review.
**Supporting conditions**
- The approved amendments include taxing income from exchanging crypto for stablecoins, as well as mandatory reporting of self-custodied assets worth ≥€100,000 (based on their value on December 31 each year).
- If the bill is resubmitted, it may continue to be reviewed by the Senate and ultimately become law.
**Uncertainties**
- It remains unclear whether the provisions will be reintroduced in the Senate; the review is scheduled only for November 20–23.
- Whether the proposal to raise fines to €50,000 for platforms that fail to comply with tax information disclosure requirements will pass also depends on subsequent votes.
🔍 This means France's approach to crypto regulation is still taking shape, and market participants should monitor legislative developments rather than short-term impacts.
🌍
This is not investment advice.
#CryptoTax #France #Regulation #Write2Earn
**Supporting conditions**
- The approved amendments include taxing income from exchanging crypto for stablecoins, as well as mandatory reporting of self-custodied assets worth ≥€100,000 (based on their value on December 31 each year).
- If the bill is resubmitted, it may continue to be reviewed by the Senate and ultimately become law.
**Uncertainties**
- It remains unclear whether the provisions will be reintroduced in the Senate; the review is scheduled only for November 20–23.
- Whether the proposal to raise fines to €50,000 for platforms that fail to comply with tax information disclosure requirements will pass also depends on subsequent votes.
🔍 This means France's approach to crypto regulation is still taking shape, and market participants should monitor legislative developments rather than short-term impacts.
🌍
This is not investment advice.
#CryptoTax #France #Regulation #Write2Earn
