French National Assembly Rejects Budget Revenue Section, Crypto Tax Amendment Temporarily Shelved

On November 5 that, according to voting records from the French National Assembly, the assembly rejected the revenue section of the 2027 budget during the first reading with 458 votes against, 0 in favor, and 2 abstentions. According to Cointelegraph, previously approved crypto-related amendments were consequently omitted from the government’s original budget text submitted to the Senate.

The affected proposals include taxing gains from converting crypto assets into stablecoins and requiring taxpayers to declare self-custodied crypto assets with an aggregate value of at least €100,000. These proposals may still be reintroduced in the Senate and must undergo subsequent legislative procedures to become law.