French Committee Approves Crypto Exit Tax and Stablecoin Swap Levy

crypto exit tax — A French parliamentary committee has approved new taxes on stablecoin swaps and crypto asset disposals for wealthy individuals, before subsequently rejecting the broader 2027 budget section containing the proposals.

The Finance Committee of the National Assembly adopted amendments to the 2027 finance bill that would introduce a 30% flat tax on capital gains from the disposal of crypto assets for individuals with a net wealth exceeding €1.3 million. A separate amendment would apply a 0.075% financial transaction tax to stablecoin-to-stablecoin swaps.

Despite backing these specific crypto tax measures, the committee later voted to reject the entire revenue section of the budget, known as the ‘first part’ of the finance bill. This procedural move sends the legislation back for further review and potential revision.

The proposed taxes are part of the government’s broader effort to increase revenue and regulate the digital asset sector. The rejection of the budget section, however, indicates political hurdles remain before the new crypto levies could become law.