France: budget rejection drops stablecoin tax and self-custody wallet reporting

Cointelegraph reports that the rejection of France's budget has caused three previously adopted amendments to fall out of the bill. Among them are the taxation of stablecoinsСтейблкоинA stablecoin is a crypto asset whose price is pegged to a fiat currency (most often the US dollar) and maintained by reserves or an algorithm. and a requirement to report cryptocurrency held in self-custodied wallets.

The amendments have not been scrapped for good: they can be reintroduced when the budget is considered in the Senate. The source material does not provide details on the parameters of these rules, their timing or the regulator's position.

What it means for operators

The question of how stablecoins are taxed and how self-custody holdings are reported in France remains open, with a return of the amendments in the Senate still possible.