France's budget goes to the floor today without its crypto exit tax. Backers must table it again before an October 20 vote

French crypto holders get a reprieve, at least for now. The National Assembly opens its debate on the revenue half of the 2027 budget on Tuesday, October 13, and the crypto tax changes its Finance Committee approved last week are not in the text.

The committee had backed two amendments filed by Nicolas Sansu of the GDR group, Decrypt reported. One would treat swapping crypto into MiCA-regulated stablecoins as a taxable sale from January 1, 2027, taxed at France's flat rate, now 31.4%. The other would extend France's exit tax to crypto when a household's holdings top €800,000 and the taxpayer has been a French tax resident for at least six of the past 10 years. People leaving would have to declare all their crypto, including coins held abroad or in self-custody.

A third amendment, from Daniel Labaronne, would let investors carry crypto losses forward for 10 years, as they can with stocks.

Then, on October 9, the committee rejected the budget's entire revenue section by 31 votes to 3. That means the debate starts from the government's original text, and the crypto amendments do not carry over. Their backers would have to table them again during the floor debate, which runs until the formal vote scheduled for October 20.

The proposals arrive alongside a separate push, reported on Monday, to make French holders declare their own self-custody wallets. Nothing has passed yet, and any measure would still face the rest of the legislative process.