The French National Assembly announced on Tuesday that it will continue debating the revenue portion of the 2027 state budget rather than holding the scheduled vote, marking the second postponement of the vote originally set for Oct. 20. The assembly now has until Nov. 17 to complete its first‑reading examination, according to an end‑of‑session notice released after Monday’s sitting.

Exit‑tax proposals on crypto gains rejected

During the same session, lawmakers voted down two separate proposals that would have extended France’s existing exit‑tax regime to unrealized crypto gains. The first proposal, which sought to include all crypto assets in the exit‑tax calculation, was rejected by a margin of 27‑55‑1 (in favour‑against‑abstention). The second, more targeted measure aimed at taxing unrealized gains on household crypto holdings exceeding €800,000 when a taxpayer moved abroad after at least six years of French residency, was also rejected, with 31 votes in favour and 60 against, as reported by the Assembly’s official voting record.

While the exit‑tax proposals were dismissed, several other crypto‑related tax initiatives remain on the agenda. Lawmakers are expected to debate a reporting requirement that would obligate individuals to disclose self‑custodied crypto holdings worth a combined €100,000 or more at year‑end. Additionally, a proposal to exempt gains from crypto payments for goods and services up to €1,000 per tax year is awaiting consideration. A measure approved on Oct. 16 to tax gains when crypto assets are converted into fiat‑pegged stablecoins has not yet become law.

What to watch next

Observers will monitor whether the remaining crypto‑related provisions are adopted before the budget moves to the Senate, and how the French government’s broader fiscal strategy may evolve in response to the growing digital‑asset sector. Further clarification from the Treasury on the stablecoin conversion tax and the reporting threshold could shape compliance expectations for French crypto users.