Legislative Push Aims to Close Tax Loopholes

French lawmakers are advancing a proposal to tax cryptocurrency holdings by classifying them as “unproductive wealth.” An amendment passed by the National Assembly seeks to close a loophole in the country’s real estate wealth tax that currently excludes digital assets, along with other luxury items like gold, yachts, and fine art.

The measure was introduced by centrist deputy Jean-Paul Matteï, who argued that the existing tax structure is “economically inconsistent.” According to the proposal, the current system fails to encourage investments that directly benefit the French economy.

While the amendment has secured approval from the lower house, it is not yet law. The proposal must still be approved by the Senate before it can be officially included in the 2026 budget.