Regulation
Neutral
French committee backs tax on crypto to stablecoin swaps
Image: DecryptFrance's National Assembly Finance Committee backed an amendment to tax crypto-to-stablecoin swaps as capital gains. The proposal by MP Nicolas Sansu aims to close a tax deferral that exempts such swaps. Current French rules tax only crypto-to-fiat sales. The amendment still needs a plenary vote and is not law. The committee later rejected the budget's revenue section, so the amendment does not carry over and must be tabled again.
Key points
- The French National Assembly Finance Committee backed an amendment to tax crypto-to-stablecoin swaps.
- The amendment targets a tax deferral or loophole for swaps into stablecoins.
- Current French rules tax crypto-to-fiat capital gains, not crypto-to-stablecoin conversions.
- The amendment was introduced by MP Nicolas Sansu.
Why it matters
French crypto users could face capital gains tax on swaps into stablecoins, ending a current deferral. The proposal is not law, so no immediate tax change has taken effect.
What's unclear
Whether the stablecoin swap tax will survive the full legislative process and become law.
Sources · 2 publishers
Bitcoin.com News
Tier 2
French Committee Approves Tax on Stablecoin Conversions From 2027
Coverage timeline
- First reported by Decrypt
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
