France scraps crypto tax amendments after lawmakers reject 2027 budget section

France's National Assembly has rejected the revenue section of its proposed 2027 budget, removing several cryptocurrency tax and reporting amendments from the version of the legislation heading to the Senate. France's National Assembly rejected the revenue section of its proposed 2027 budget by 458 votes to none, removing several previously approved crypto tax amendments from the text heading to the Senate. Among the affected proposals were a tax on crypto to stablecoin conversions and a requirement for taxpayers to disclose self-custodied crypto holdings worth at least €100,000. Morpho's global head of public affairs, Faustine Fleuret, raised concerns about the proposed tax changes and their potential impact on France's attractiveness to crypto businesses.

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