French National Assembly Rejects Budget Revenue Section; Crypto Tax Amendments Temporarily Shelved

深潮 TechFlow reports on November 5 that, according to voting records of the French National Assembly, the Assembly rejected the revenue portion of the 2027 budget bill in first reading with 458 votes against, 0 in favor, and 2 abstentions. According to Cointelegraph, previously adopted crypto-related amendments were therefore not included in the original government budget text submitted to the Senate.

Affected proposals include taxing gains from converting crypto assets into stablecoins and requiring taxpayers to declare self-custodied crypto assets with an aggregate value of at least EUR 100,000. The relevant proposals may still be reintroduced in the Senate and must pass subsequent legislative procedures before becoming law.

Source: 深潮 TechFlow