In a stroke of fiscal genius, French lawmakers have excitedly voted to tax crypto holdings calling them “unproductive wealth.”
No this is no Halloween prank. This is real life. Because nothing screams “economic freedom” and “digital innovation” quite like slapping a law to tax cryptocurrency.
New French Law to Tax Crypto
On October 22, centrist MP Jean-Paul Matteï tabled this sparkling amendment, and the National Assembly passed it 163-150, with socialist and far-right MPs high-fiving over the brilliance of it all.
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Of course, this brilliant bill still needs Senate approval and the full 2026 budget dance before it becomes law, but if this has come so far, what’s to say it will not become law?
Matteï’s glowing summary insists the current real estate wealth tax is “economically inconsistent” for ignoring treasures like gold, classic cars, yachts, and art.
Now, lawmakers are heroically expanding the taxable playground to include non-productive real estate, planes, “precious objects,” and you guessed it – digital assets. Hence the new law to tax cryptocurrency to boost France’s economy.
The cherry on top of the cake
Now not everyone gets to join the “unproductive wealth” party; only those over 2 million euros ($2.3 million) do, at a flat, fabulous 1% on everything above that line.
Forget the old progressive scale that started at zero below 800,000 euros and climbed to 1.5% over 10 million; flat taxes are the new black, apparently.
This is sure to inspire everyone to ditch their lazy crypto for “productive” ventures, like, say, more government-approved bonds.
Crypto Fans in France thrilled about new law to Tax Crypto
Crypto fans in France are positively thrilled, naturally.
Ledger co-founder Éric Larchevêque took to social media to show his excitement and said that this gem “punishes all savers” anchoring to gold and Bitcoin for a secure future.
“The political message is clear: ‘Crypto is equated with an unproductive reserve, not useful to the real economy,’” he beamed, calling it a “major ideological error” and a “fiscal shift” to punish anything outside fiat’s warm embrace.
Larchevêque added there’s “strong probability” this new law to tax crypto hits January 1, 2026, via the budget (PLF).
“Vive la révolution fiscale” or in other words may your wallets stay eternally “productive” under the new regime!
