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French MPs push exit tax on crypto above €800,000 and fines for undeclared wallets

French MPs push exit tax on crypto above €800,000 and fines for undeclared wallets

Moving abroad from France could soon cost the richest holders of digital assets more, as lawmakers seek to bring Bitcoin and other crypto into a levy already paid by relocating equity investors.


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On Thursday, the National Assembly’s finance committee, the cross-party panel that vets budget bills before the full lower house debates them, voted to extend France’s exit tax to crypto-assets from 1 January 2027.

The current levy taxes unrealised gains when people who have lived in France for at least six of the past ten years move abroad with shares and other securities cumulatively…

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