France proposes exit tax on crypto holders moving abroad with €800K

France: France is a sovereign European nation and EU member state with established tax frameworks for financial assets and residency changes. Lawmakers there are advancing proposals to extend exit tax rules to crypto holdings exceeding a certain threshold for residents relocating abroad and to classify swaps into stablecoins as taxable sales starting in 2027. These measures form part of broader budget discussions aimed at closing perceived gaps in digital asset taxation. National Assembly: The National Assembly is the lower house of France's bicameral parliament, where legislative proposals including budget amendments are debated and voted on. Its finance committee has approved amendments introducing crypto-specific exit tax provisions and stablecoin swap taxation rules. The full Assembly will revisit these measures during budget deliberations beginning October 13. Regulation: French lawmakers are extending existing exit tax mechanisms, previously applied to shares and securities, to cryptocurrency portfolios held by long-term residents. Legislative Process: Crypto tax amendments approved in committee must be reintroduced and debated in the full National Assembly as part of the 2027 budget process.