FRANCE’S FINANCE COMMITTEE VOTED AN EXIT TAX ON CRYPTO GAINS ABOVE €800,000 — LEAVERS MUST LIST THE COINS THEY HOLD THEMSELVES — SWAPS INTO STABLECOINS GET TAXED FROM 2027

France’s National Assembly finance committee adopted two crypto amendments to the 2027 budget bill, on October 7 and 8, 2026. The bigger one, I-CF1822, pulls crypto into the country’s exit tax. Say you’ve been tax resident in France for six of the last ten years and you move abroad holding more than €800,000 in crypto. You’d owe tax on gains you never took. It would cover moves from January 1, 2027.

Anyone who holds their own keys should read one line twice. Leavers have to attach a list of the crypto they hold on the day they go, “y compris ceux conservés sur des comptes ou portefeuilles ouverts à l’étranger ou auto-conservés.” Self-custodied coins, in other words. The amendment’s own summary gives the reason: these assets are “immédiatement transférables.”

The second one, I-CF1826, ends the deferral on swaps into fiat stablecoins (e-money tokens, in EU terms). From January 1, 2027, trading bitcoin for one would be a taxable sale, priced off a weighted average cost. Its authors call the current rule “un trou dans la législation,” a hole in the law. Neither is law yet. The full Assembly picks up the bill on October 13, Cointelegraph reports.

A tax on gains you haven’t sold is a tax on a number on a screen, priced in euros. And it only works if the state can count what you own, so the form asks for the part it can’t see. Coins on your own keys were the one thing a border couldn’t inventory. Now France wants you to do the counting for it. At the time of this writing, bitcoin was $82,866.