France expands crypto capital gains tax to EU-regulated stablecoins
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
French lawmakers are considering expanding the 31.4% capital gains tax to include trades involving stablecoins regulated under the European Union’s MiCA framework. This tax would apply to swaps from cryptocurrencies into these stablecoins starting January 1, 2027. The proposals, which are part of France's 2027 budget, have not yet become law and must be resubmitted to the National Assembly.
From coindesk.com
Why it matters
The proposed tax could push crypto traders toward less transparent, unregulated stablecoins or offshore channels. Additional measures under consideration include requiring taxpayers to disclose self-hosted wallets holding at least €100,000 and allowing losses to be carried forward for 10 years.
From coindesk.com
Who's involved
- National AssemblyThe legislative body debating the expansion of the crypto capital gains tax.
- European CommissionThe body whose MiCA regulations define the scope of the stablecoins being taxed.
- Emmanuel MacronThe president of France, under whose executive authority the policy is being considered.
- Charles de CoursonA French politician whose legislative focus is impacted by the new tax scope.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Interior ministry may manage new crypto tax and disclosure rulesThe interior ministry may face new enforcement duties managing crypto tax and disclosure rulesPossible
- Macron's crypto tax proposal faces legislative hurdles in FranceMacron's crypto tax proposal faces legislative hurdles in FrancePossible
Keep exploring
The entities involved
-
National Assembly
lower house of the French Parliament under the Fifth Republic