France plans to tax stablecoin exchanges from 2027 onward and levy an exit tax on large cryptocurrency transfers abroad.

On October 9, according to Cointelegraph, the Financial Committee of the French National Assembly approved amendments related to the 2027 Finance Bill this week, proposing that starting January 1, 2027, converting cryptocurrencies into fiat-pegged stablecoins be treated as a taxable event, subjecting investors to capital gains tax even if they do not cash out into fiat.

The proposal also extends the existing exit tax to crypto investors, stipulating that households whose total crypto holdings exceed €800,000 (approximately $895,000) must pay taxes on unrealized gains when relocating abroad. Additionally, the committee approved an amendment allowing investors to carry forward realized crypto losses for up to 10 years. The French National Assembly is expected to begin plenary deliberations on the 2027 Finance Bill on October 13.