Budget 2027: rejection of the text brings down new taxes on cryptocurrencies
The rejection of the 2027 budget by MPs leads to the temporary disappearance of several measures targeting cryptocurrencies. Taxation of conversions into stablecoins, declaration of wallets and increase in the tax on…
Home » Crypto News » Crypto Regulation News » 2027 Budget: rejection of the text brings down new taxes on cryptocurrencies
https://cryptoast.fr/rejet-budget-2027-amendements-crypto-annules/
Stop for tax measures targeting cryptocurrencies. By rejecting the “revenue” section of the 2027 budget, the deputies sent the government’s initial version back to the Senate. Taxation of conversions into stablecoins, declaration of wallets or increase in the tax on financial transactions: all the amendments adopted in the Assembly disappear, at least temporarily.
🔍 Discover our top 10 best cryptocurrency exchange platforms
The deputies unanimously rejected the first part of the finance bill (PLF) for 2027 last night, with 458 votes against and two abstentions.
❌ The National Assembly rejected the first part of the finance bill for 2027, and therefore the entire text, at first reading.
🔎 Learn more: https://t.co/MbdyqhxV3z #DirectAN #PLF2027 pic.twitter.com/ovB4zL6jRu
This vote results in the rejection of the entire budget, without examination of the “expenses” section in the hemicycle. The text will therefore be transmitted to the Senate in its initial version, erasing the modifications made by the deputies since the start of the debates.
To buy, sell or convert cryptos in accordance with current tax rules, eToror provides access to thousands of cryptos.
On October 16, deputies adopted an amendment aimed at taxing certain conversions of cryptocurrencies into stablecoins. Currently, exchanges between cryptocurrencies benefit from a tax deferment. This notably ends upon conversion into euros.
Another amendment, adopted on November 3, required self-hosted cryptocurrency wallets holding at least 100,000 euros to be declared to the tax authorities. This obligation was to complement the European directive DAC8, which organizes the transmission of platform customer data to tax administrations.
La France insoumise had also adopted a reform of the tax on financial transactions, with a rate raised to 0.5% for traditional transactions and an expanded scope for ETFs, bonds and intraday operations, subject to a specific rate of 0.1%.
Machine-translated from French
Not cross-checked yet
Only Cryptoast reports this story so far. We show it as a single source until another newsroom confirms it.
- Cryptoast5 Nov, 09:02
| Publisher Cryptoast (general tier) | +72 |
| Detailed summary | +2 |
| Total | 74 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.