France’s 2027 Budget: Ten Crypto Amendments Unveiled, Stablecoin Taxation and Wallet Declarations Put on the Agenda

On October 9, according to Journal du Coin, the French 2027 Finance Bill was submitted to the National Assembly on October 1, with the Finance Committee beginning to vote on ten cryptocurrency amendments on October 7. As of October 8, three have been passed: stablecoin exchanges are classified as taxable events (effective January 1, 2027), an exit tax applies to crypto holdings exceeding €800,000, and crypto losses can be carried forward for deduction over ten years; a proposal to extend the wealth tax to crypto assets was rejected; and a tax-cut amendment submitted by Paul Midy was immediately ruled invalid for violating Article 40 of the Constitution, which prohibits measures that reduce public revenue. Additionally, the EU DAC8 directive mandates that platforms collect user identification and transaction data starting January 1, 2026, and requires initial reporting to tax authorities by June 15, 2027, taking effect without a parliamentary vote. Another proposal seeks to mandate the declaration of self-custody wallets valued at over €100,000, carrying penalties of up to €10,000 for non-compliance. These amendments are not yet legally binding. The plenary session will review them from October 13 to 19, with a final vote scheduled for November 17.