{
  "id": 18283537,
  "title": "France budget rejection sidelines stablecoin tax, wallet reporting",
  "url": "https://urgent.news/2026/11/05/france-budget-rejection-sidelines-stablecoin-tax-wallet-reporting",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:04:42.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/france-rejects-budget-revenue-sidelines-crypto-amendments"
  },
  "original_language": "en",
  "account": "The French National Assembly has rejected the 2027 state budget's revenue section, removing crypto-related amendments from the bill sent to the Senate. The Assembly voted 458-0 in favor of the rejection, with two abstentions, according to the official voting record. The rejected revenue section covers government income, such as taxes. The government will now send the original budget text to the Senate without the crypto-related amendments. Faustine Fleuret, global head of public affairs at Morpho, stated that the rejection could lead to the entire bill being rejected in the National Assembly, including provisions added through amendments. The Assembly had previously adopted three crypto-related amendments: one making gains from crypto-to-stablecoin conversions taxable, another requiring disclosure of self-custodied crypto holdings totaling 100,000 euros ($112,000), and a third increasing penalties for crypto platforms failing to provide requested information. The Senate is set to begin debating the finance bill on November 20, followed by an examination of the revenue section's articles on November 23.",
  "summary": "Three adopted amendments, including stablecoin taxation and self-custody reporting, fall away but could be reintroduced in the Senate.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}