France plans to impose a 31.4% tax on the conversion of Bitcoin into stablecoins. Assets worth over 800,000 euros may be subject to exit taxes.

The French National Assembly recently rejected the revenue portion of the 2027 budget, meaning a proposal concerning crypto asset taxation must still be resubmitted for review. According to a post by Bitcoin News on X, the proposal has not yet become law and includes several measures: France is studying a 31.4% capital gains tax on certain Bitcoin-to-stablecoin conversions; a departure tax on crypto assets worth more than 800,000 euros; and a requirement to declare assets held in self-custodial wallets valued at or above 100,000 euros. In addition, the proposal would allow crypto asset losses to be carried forward for 10 years.