France’s National Assembly finance committee has backed a proposal to impose an exit tax on crypto holders leaving the country with more than €800,000 (around ₨24.84 crore) in assets. The proposed rules would also cover crypto held on exchanges.
Lawmakers have also backed a measure that could make crypto-to-stablecoin swaps taxable events from January 1, 2027. This means converting crypto into a stablecoin could trigger tax even without cashing out to euros.
Neither proposal is final yet. Both measures must be reintroduced during the National Assembly’s budget debate, scheduled to begin October 13.
Lawmakers have also backed a measure that could make crypto-to-stablecoin swaps taxable events from January 1, 2027. This means converting crypto into a stablecoin could trigger tax even without cashing out to euros.
Neither proposal is final yet. Both measures must be reintroduced during the National Assembly’s budget debate, scheduled to begin October 13.