COINTELEGRAPH · 2026-11-05 09:04 UTC

France budget rejection sidelines stablecoin tax, wallet reporting

French National Assembly rejected the 2027 budget's revenue section by 458-0 vote, removing crypto-related amendments including stablecoin taxation and self-custody reporting requirements. The government will send the original budget text without crypto amendments to the Senate, though proposals could be reintroduced during remaining budget process. Rejected amendments included taxing crypto-to-stablecoin gains, requiring disclosure of self-custodied holdings over 100,000 euros, and increasing penalties for non-compliant crypto platforms.

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