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

France wants a word with its wealthiest crypto holders before they pack their bags. The National Assembly’s Finance Committee has approved amendments to the 2027 budget bill. They would extend the country’s exit tax to households holding more than €800,000 in crypto who relocate abroad. A second change would treat crypto-to-stablecoin swaps as taxable sales. Both measures are slated to take effect on January 1, 2027, if they survive the legislative process. That “if” matters. The budget’s revenue section was rejected on October 9, 2026. The amendments now have to be reintroduced on the Assembly floor. What the amendments would do Lawmakers adopted the measures in committee in early October 2026. The stated goal is to bring crypto taxation closer to how France already treats traditional financial assets. Sponsors also want to close what they view as loopholes in current law. The exit tax piece is Amendment I-CF1822. It targets households whose combined crypto holdings top €800,000 when they move their tax residence out of France. The change works through article 167 bis of the French tax code, which governs exit taxation. The proposal borrows heavily from the rulebook for stocks. It...