French National Assembly member Paul Midy has introduced Bill 3090, co-signed by 91 lawmakers, aiming to reform cryptocurrency taxation, enhance executive safety, and expand blockchain testing. The proposal addresses airdrops, governance tokens, capital losses, small crypto payments, company records, and security expenses. Supporters argue that current rules create tax and safety challenges for French users and digital asset firms.
Tax Changes Target Unrealized Crypto Assets
The bill would tax airdropped tokens and governance tokens only when recipients sell them. Under current rules, a tax charge can arise upon receipt of tokens, before any sale generates income. Proponents say this aligns crypto assets with traditional securities in France, focusing taxation on the transaction that produces income rather than the receipt of an unrealized asset.
The measure also permits crypto holders to carry capital losses forward for 10 years, matching existing stock market rules and allowing future gains to offset previous losses.
Small Payments and Existing Tax Rates
Another provision exempts annual crypto payments up to €1,000 (approximately $1,139) from taxation, reducing reporting duties for small purchases and routine digital asset payments. However, the bill does not change France’s flat tax rate on crypto gains, which rose to 31.4% at the beginning of 2026.
Instead, the proposal modifies assessment and declaration procedures. It reportedly emerged from a legislative hackathon organized with ADAN, France’s digital asset industry association.
Executive Safety and Competing Tax Direction
Beyond taxation, the bill would conceal executives’ home addresses from public company registries and require companies to cover security costs when executives face credible threats. Midy introduced a related proposal in June 2025 after kidnapping attempts targeted figures in France’s Web3 industry. The new bill also seeks to open the European Union’s DLT pilot regime to SAS entities, allowing more French companies to test blockchain-based market infrastructure.
Meanwhile, lawmakers are weighing these reforms against a separate levy on large digital asset holdings. In October 2025, the National Assembly narrowly approved an unrelated amendment targeting digital asset holdings above €2 million, imposing a 1% annual tax under an ‘unproductive wealth’ category. That amendment still requires Senate approval. Midy’s proposal remains pending as lawmakers prepare for further Senate review and National Assembly debate.
Conclusion
France’s proposed crypto bill would delay taxes on airdrops until sale, extend capital-loss carryforwards to 10 years, exempt small annual payments, and strengthen Web3 executive protection. As lawmakers debate competing tax approaches, users and companies should monitor the bill’s progress through the National Assembly and Senate.