[France Proposes Crypto Tax Reform: Bitcoin to Stablecoin Conversions May Face 31.4% Tax, Large Self-Custody Wallets Must Be Declared] According to Deep Tide TechFlow, on October 16, Bitcoin News reported that France has proposed several crypto tax reform amendments during discussions on the 2027 budget: a 31.4% capital gains tax may be imposed on certain digital asset exchanges for MiCA-compliant stablecoins (such as USDC); an exit tax may be levied on taxpayers leaving France who hold digital assets exceeding €800,000; self-custody wallet assets of €100,000 or more must be declared, with non-compliance subject to a maximum fine of €10,000; and losses can be carried forward for up to 10 years. On October 9, the Finance Committee rejected the revenue section of the budget by a vote of 31 to 3, and the aforementioned amendments will need to be resubmitted. The vote on the revenue section is scheduled for October 20. Currently, these proposals have not become law.