France's National Assembly Finance Committee backed a package of crypto-tax amendments for the country's 2027 budget, including a proposal to make conversions into MiCA-regulated electronic money tokens taxable from Jan. 1, 2027. The measure would apply France's existing 31.4% flat tax on crypto capital gains, ending the current general deferral for crypto-to-crypto swaps involving covered stablecoins. The package would also extend France's exit tax to crypto holdings above €800,000, require declarations for self-hosted wallets worth at least €100,000, with fines of up to €10,000 for noncompliance, and allow crypto losses to be carried forward against gains for up to 10 years. Michaël van de Poppe criticized the proposals, saying they reflect a government desire to control crypto assets. None of the measures is law. The committee rejected the budget's revenue section by 31 votes to 3, sending the amendments to the full National Assembly, which is scheduled to vote on Oct. 20. Parliament must pass the budget by Dec. 10. The United States has taken a different approach, taxing crypto transactions under property rules while expanding broker reporting through Form 1099-DA.