UPDATE: France rejects budget, dropping stablecoin tax and wallet reporting rules
CIE News ·
Update to France weighs mandatory reporting for self-custody crypto above 100,000 euros
Based on reporting by Cointelegraph; not yet independently confirmed.
France’s National Assembly rejected the budget revenue section, dropping proposed rules for stablecoin taxation and reporting self-custody holdings over 100,000 euros.
France's National Assembly rejected the budget's revenue section on November 5, 2026, causing three crypto amendments to fall away, Cointelegraph reported. As previously reported, the draft legislation included a requirement for taxpayers to report self-custodied crypto assets valued at 100,000 euros or more, as well as measures for stablecoin taxation. With the rejection of the broader budget bill, both the reporting rules and the stablecoin tax have been sidelined for now, though lawmakers could potentially reintroduce the amendments during upcoming debates in the Senate.
Key facts
- French budget rejected
- Self-custody reporting dropped
- Stablecoin tax sidelined
- Senate may reintroduce rules
Read the original at Cointelegraph