Crypto Briefing • October 10th 2026, 4:25 PM
France proposes exit tax on crypto holders moving abroad with €800K
Key Summary
France is proposing an exit tax on high-net-worth crypto holders who move abroad with more than €800,000 in crypto holdings. The tax is part of a revised budget bill and aims to bring crypto taxation closer to traditional financial assets. The proposal also includes a measure to make crypto-to-stablecoin swaps taxable and a provision for carrying forward realized crypto losses for up to 10 years.
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France Proposes Exit Tax on Crypto Holders Moving Abroad with €800K
Overview
France is considering a new exit tax on high-net-worth crypto holders who move abroad with substantial crypto portfolios. The proposed tax would apply to households holding more than €800,000 in crypto, and would be enforced through article 167 bis of the French tax code.Impact on Crypto Holders
The most direct impact of the proposal falls on high-net-worth individuals with substantial crypto portfolios. The tax aims to narrow the disparity between crypto and traditional financial assets, which were previously not subject to France's exit tax.Stablecoin Rule
A second measure would make swaps of crypto into regulated stablecoins taxable starting January 1, 2027. This change targets swaps into regulated stablecoins, while crypto-to-crypto swaps without cash components would remain outside the trigger.Loss Carryforward
A related amendment would let investors carry forward realized crypto losses for up to 10 years. This provision would mirror how losses on stocks are handled.Legislative Road Ahead
The proposal must still be reintroduced on the Assembly floor after being approved by the Finance Committee. A vote is scheduled for October 20, 2026, and the amendments would take effect on January 1, 2027, if they survive the legislative process.#France#Crypto#US#EU#Taxation