France’s Budget Rejection Shelves Stablecoin Tax and Wallet Reporting
Open the sourceReported by The Defiant, thedefiant.io, 5 November 2026, by The Defiant Team
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France’s National Assembly rejected the revenue section of the 2026 budget by a 458–0 vote, shelving two crypto measures: a tax on stablecoin transactions and mandatory reporting of self-custody wallet holdings. The provisions could be revived as Senate amendments when the upper chamber begins its budget debate on Nov. 20. The outcome matters because it delays clarity on how France will tax on-chain activity and whether self-custodied assets must be disclosed to authorities.
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France, National Assembly, Senate