French MPs push exit tax on crypto above €800,000 and fines for undeclared wallets

What happened: French MPs backed an amendment to extend France's exit tax to crypto-assets from 1 January 2027, plus fines up to €10,000 for undeclared self-custody wallets. The committee later rejected the budget bill's revenue part, so the measures must be re-tabled. Key numbers: Exit tax threshold €800,000; wallet declaration threshold €100,000; fines up to €10,000; Why it matters: Sponsors say crypto escapes a levy applied to equal-value securities. Crypto advocates warn a wallet register could leak and endanger holders. No rate is set, leaving unclear what crypto holders would pay.

French MPs backed an amendment to extend France's exit tax to crypto-assets from 1 January 2027, plus fines up to €10,000 for undeclared self-custody wallets. The committee later rejected the budget bill's revenue part, so the measures must be re-tabled.

Sponsors say crypto escapes a levy applied to equal-value securities. Crypto advocates warn a wallet register could leak and endanger holders. No rate is set, leaving unclear what crypto holders would pay.