French Lawmakers Back Tax on Crypto-to-Stablecoin Swaps by a Single Vote
By Unchained
AI summary of the source article
France's National Assembly narrowly voted to adopt an amendment to the 2027 finance bill that makes trading crypto for stablecoins a taxable event. If enacted, qualifying swaps would be taxed at a 31.4% flat rate starting Jan. 1, 2027.
Key facts
- France's National Assembly approved amendment 3898 by a 38–37 vote at first reading, meaning the measure is not yet law.
- The amendment ends tax deferrals on crypto-to-crypto trades when receiving MiCA-defined e-money tokens such as USDC and EURC.
- Qualifying swaps would be taxed at France's 31.4% flat tax rate calculated from a weighted average purchase price starting Jan. 1, 2027.
Source excerpt · Unchained
An amendment to France's 2027 budget passed the National Assembly 38 to 37 on Oct. 16, but it still has to survive the rest of the budget process before any swap into a stablecoin is taxed. The post French Lawmakers Back Tax on Crypto-to-Stablecoin Swaps by a Single Vote appeared first on Unchained .