France’s Crypto Tax Debate Shifts From Selling to Moving Wealth

A French cryptocurrency investor could face a tax assessment without selling a single coin for euros under amendments proposed for the country's 2027 budget. One measure would extend France’s exit-tax framework to substantial cryptocurrency holdings when qualifying residents move abroad. Another would treat conversions into certain stablecoins as taxable disposals, ending the current deferral available to qualifying crypto-to-crypto exchanges. The common thread is not a higher tax rate. It is a proposed change to when cryptocurrency gains enter the tax system.