Regulation
Bearish
French lawmakers approve amendment to tax crypto-to-stablecoin swaps
Image: CointelegraphFrance's National Assembly adopted an amendment that could tax certain crypto-to-stablecoin swaps starting in 2027. Lawmakers approved Amendment I-3898 by a narrow vote. The measure treats digital asset conversions into stablecoins as taxable events. Lawmakers also rejected a proposal to carry forward realized crypto losses. Additional proposals regarding exit taxes and self-custodial wallet reporting remain under consideration.
Key points
- France's National Assembly adopted Amendment I-3898 targeting certain crypto-to-stablecoin swaps.
- The amendment passed with 38 votes in favor, 37 against, and 25 abstentions.
- Amendment I-CF1822 proposes extending France's exit tax to unrealized gains for portfolios exceeding €800,000.
Why it matters
Changes to tax laws affect how digital asset transactions and portfolio values are reported and calculated for French taxpayers.
Sources · 2 publishers
AMBCrypto
Tier 2
France advances crypto-to-stablecoin tax proposal by just one vote
Coverage timeline
- First reported by Cointelegraph
- Also reported by AMBCrypto
- CryptoVideos brief published
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