France’s €800K Crypto Exit Tax Faces New Budget Hurdle

France’s proposed cryptocurrency tax overhaul faces a fresh legislative hurdle after lawmakers rejected the revenue section of the 2027 budget, potentially delaying measures targeting wealthy crypto holders and stablecoin transactions. On October 9, the National Assembly’s finance committee voted 31 to three, with two abstentions, against the amended revenue text. The rejection followed earlier committee approval of proposals extending France’s exit-tax regime to cryptocurrency portfolios and changing the tax treatment of stablecoin conversions. The decision means neither amendment will automatically advance to the full Assembly. Lawmakers must reintroduce them when budget debates begin on October 13, leaving their prospects uncertain.