The French National Assembly approved an amendment that obliges individuals to disclose self‑custodied cryptocurrency holdings of €100,000 ($112,000) or more to tax authorities. The vote, recorded as amendment I‑2701, passed 150–44 with eight abstentions, according to the Assembly’s official record. The reporting threshold will be assessed as of December 31 of the relevant tax year and is embedded in the 2027 Finance Bill, which must survive a Senate review before becoming law.

Legislative Context and Timeline

The amendment is part of a broader set of crypto‑related provisions under consideration for the 2027 Finance Bill. Lawmakers have postponed the vote on the budget’s revenue section twice, with a final deadline of November 17 to complete the first reading. The Senate is scheduled to begin its debate on November 20, meaning the reporting requirement could be altered or dropped before final approval.

Rejected Measures and Ongoing Debates

In the same session, the Assembly rejected an amendment that would have exempted gains on crypto payments for goods and services up to €1,000 from tax, losing 69–14. Earlier, lawmakers also turned down proposals to impose exit taxes on unrealised crypto gains for taxpayers changing residence abroad. Conversely, a separate amendment passed on October 16 to tax gains from converting crypto into stablecoins classified as electronic money tokens under EU rules.

What to Watch Next

The amendment’s fate now hinges on Senate deliberations and the final budget vote. Observers will monitor whether the reporting threshold remains unchanged, if any of the rejected tax exemptions are re‑introduced, and how the stablecoin gain tax provision is integrated. The outcome will shape France’s crypto tax landscape ahead of the 2027 fiscal year.