Crypto Regulation News: Executive Safety and DLT Provisions Today's notable crypto regulation news comes from Paris. French National Assembly member Paul Midy has submitted a digital-asset bi
Today's notable crypto regulation news comes from Paris. French National Assembly member Paul Midy has submitted a digital-asset bill, co-signed by 91 lawmakers, aimed at closing several tax gray areas that the bill's supporters say currently penalize French digital asset users and companies. The text, filed under bill number 3090, reportedly grew out of a legislative hackathon organized with ADAN (Association pour le Développement des Actifs Numériques), France's digital asset industry association.
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According to reporting on the bill's text, the core principle is straightforward: tax the event that generates income, not the mere receipt of an unrealized asset — the same logic already applied to traditional securities in France. Three tax-focused measures anchor the proposal:
First, airdropped tokens and governance tokens would be taxed only at the moment they're sold, rather than at the moment they're received — a shift from current rules that can tax recipients before they've realized any actual gain. Second, crypto capital losses would become carryforward-eligible for 10 years, mirroring how stock market losses are already treated under French taxation law, letting investors offset future gains against past losses over a much longer window than currently allowed. Third, the proposal would exempt crypto payments up to €1,000 (about $1,139) per year from taxation, easing the reporting burden for everyday digital asset transactions like small purchases.
None of these measures touch France's existing flat taxation rate on crypto gains, which rose to 31.4% at the start of 2026. The proposal is described as rewriting assessment and declaration rules, not the headline taxation rate itself.
Crypto Regulation News: Executive Safety and DLT ProvisionsBeyond taxation, the proposal reportedly addresses a separate and increasingly urgent issue in France: the physical safety of blockchain asset company executives. It would move to conceal executives' home addresses from public company registries, and would require companies to cover security costs for executives facing credible threats.
This isn't a new concern for Midy specifically — he introduced a related bill in June 2025 focused on pseudonymizing the home addresses of Web3 entrepreneurs after a string of kidnapping attempts targeting figures in France's Web3 industry drew national attention. The new bill's executive-protection language appears to build directly on that earlier effort.
The proposal is also reported to include a provision opening the EU's Digital Ledger Technology (DLT) pilot regime to SAS entities — a common French corporate structure — potentially widening the pool of French companies eligible to test blockchain-based market infrastructure under the EU's existing pilot framework.
Crypto Regulation News: Where This Fits in France's Tax PictureThis bill lands in an interesting position relative to France's broader crypto tax trajectory. In October 2025, the National Assembly narrowly passed a separate amendment — unrelated to Midy's bill — that would tax large digital asset holdings above €2 million as "unproductive wealth" at a 1% annual rate, alongside assets like gold and yachts. That measure still requires Senate approval and drew sharp industry criticism as economically punitive.
Midy's bill, by contrast, is being framed by supporters as investor-friendly housekeeping — aligning tax treatment with how traditional securities are already handled, rather than introducing new tax burdens. Whether both measures can coexist, or whether one direction wins out as France finalizes its 2026 budget process, remains an open question the Senate and further Assembly debate will need to resolve.
ConclusionToday's crypto regulation news shows France pulling in two directions on digital assets at once — a wealth tax proposal treating large digital asset holdings punitively, and a 91-signature bill aiming to modernize airdrop taxation, loss treatment, and executive safety. Both remain pending, and neither has cleared the full legislative process yet.
DisclaimerThis article is for informational purposes only and does not constitute financial, legal, or taxation advice. All legislative details are based on publicly available reporting on bill number 3090 as of July 25, 2026, and are subject to change as the bill moves through France's legislative process. This proposal has not been passed into law. Always consult official French government sources or a qualified tax professional for guidance on taxation.
