France rejects crypto exit tax as 2027 budget vote faces another delay

France’s National Assembly has postponed another vote on the revenue section of its 2027 budget, days after rejecting two proposals to tax unrealized cryptocurrency gains when investors move abroad. Summary France has postponed the vote on its 2027 budget revenue section for a second time, with 758 amendments still pending. Lawmakers rejected two proposals that would have taxed unrealized cryptocurrency gains when eligible investors moved abroad. One proposal received 27 votes in favor and 55 against, while the second was defeated by 31 votes to 60. Other cryptocurrency tax proposals remain under consideration, including reporting requirements for self-custody wallets and changes to stablecoin taxation. The National Assembly faces a November 17 deadline to complete its first reading of the budget. A parliamentary notice issued after Monday’s session showed that lawmakers would continue examining the revenue provisions on November 3. The Assembly still had 758 amendments awaiting debate, leaving the planned vote delayed for a second time. The decision follows an October 20 postponement, when more than 2,000 amendments remained unresolved. Lawmakers resumed examining the revenue prov...