France’s Finance Committee Backs Stablecoin…

AI summary of the source article

France's National Assembly Finance Committee approved two amendments to the proposed 2027 Finance Bill that could reshape crypto taxation starting January 1, 2027. Amendment I-CF1826 eliminates tax deferrals on exchanges from digital assets into electronic money tokens under the EU's MiCA framework, making conversions to fiat-referenced stablecoins taxable events. Amendment I-CF1822 extends France's exit tax to unrealized gains on crypto portfolios exceeding €800,000 for investors moving their tax residence abroad. Both amendments were introduced by lawmaker Nicolas Sansu and represent an initial legislative step before full debate and voting in the National Assembly.

Why it matters

If passed, the rules could significantly impact liquidity planning, portfolio management, and relocation decisions for France-based crypto investors by taxing stablecoin trades and imposing exit penalties.

Key facts

• Amendment I-CF1826 would eliminate tax deferral when converting crypto into MiCA-defined electronic money tokens starting January 1, 2027.
• Amendment I-CF1822 would apply France's exit tax to cryptocurrency holdings exceeding €800,000 when taxpayers move their tax residence abroad.
• The amendments must still be debated in the National Assembly from October 13 through 19, with a vote planned for October 20.