France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals

Regulatory scrutiny in Europe intensified as France's National Assembly adopted a notable crypto tax amendment aimed at certain stablecoin exchange transactions. The new legislative measure seeks to close tax loopholes and establish clearer regulatory boundaries for decentralized financial activities within French jurisdiction. Concurrently, lawmakers are deliberating over separate proposals concerning exit taxes on digital asset wealth and enhanced reporting requirements for self-custodial wallets. These regulatory moves align with broader European Union efforts to implement comprehensive frameworks like MiCA while tightening local tax enforcement. Industry participants warn that overly aggressive reporting rules could drive domestic cryptocurrency developers and users toward more permissive foreign jurisdictions.