French Lawmakers Approve Taxing Crypto-to-Stablecoin Swaps
- Reports
- 4
- Developments
- 3
- Repetition
- 25%
New informationRepeats or wire copies
What happened
The National Assembly approved an amendment that subjects gains from swapping cryptocurrency for stablecoins to the 31.4% capital gains rate. This amendment removes the current tax deferral for MiCA-compliant stablecoins, with the changes applying to transactions starting January 1, 2027. The proposal was adopted after a narrow vote.
From coindesk.com
Why it matters
The change moves crypto-to-stablecoin transactions closer to falling under the country’s standard capital gains levy. This affects how investors must report gains when moving into qualifying stablecoins, even without withdrawing funds to a bank account.
The Ministry of Finance had previously advised the National Assembly to adopt tax relief measures and reported tax reductions data to the public.
From coindesk.com
Who's involved
- National AssemblyLegislative body that approved the tax amendment
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- National AssemblySpeculative
Traders might face higher tax costs on gains when swapping cryptocurrency for stablecoins.
How it developed
Newest first. Tap a step to see who reported it.Deputy supported amendments to the land use tax law.1 source
National Assembly passes specific tax on digital data.1 source
The National Assembly approved a specific tax amendment.1 source
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The entities involved
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National Assembly
lower house of the French Parliament under the Fifth Republic
Related events
- The National Assembly passed a legal revision on July 1, 2026.
- The National Assembly voted to tax internet data, with support from La France Insoumise and Greens.
- The National Assembly passed the Sixth Alteration Bill on October 23, 2026.
- Lawmakers in France's National Assembly are currently facing an impasse in legislative proceedings.