France Advances 31.4% Tax On Crypto To Stablecoin Gains From 2027

French Lawmakers Narrowly Back The Stablecoin Swap Tax

France’s National Assembly has approved amendment I-3898 to the 2027 budget in a close vote, putting a proposal to tax crypto-to-stablecoin swaps in a closer to reality. The adoption came on October 16, with 38 deputies voting in favor, 37 against and 25 abstaining. If adopted in the final budget, the measure would take effect from January 1, 2027.

How The Amendment Changes The Rules

Under current French rules, exchanges between cryptoassets without an additional cash payment generally benefit from tax deferral. The amendment would eliminate such a deferral to investors acquiring qualifying e-money tokens from the European Union’s Markets in Crypto-Assets (MiCA) framework.

#France National Assembly approved an amendment to #tax crypto-to-stablecoin trades at 31.4% on gains, treating MiCA-compliant EMT #stablecoins like fiat exits. If fully passed, the law takes effect January 1, 2027, forcing traders to pay taxes on profits even without cashing out to bank accounts.

#MarketUpdate #StockMarket #USA #stocks #Bullish #bearish #TRUMP $Trump #America #DonaldTrump #rates #GlobalTrade #altcoin #altcoins #altseason #coin #coins #token #cryptocurrency #trading #UnitedStates

— White Rhino Marketing (@whitee_rhinoo) October 20, 2026

As such, investors would be liable to pay capital-gains tax when exchanging a blockchain token for a qualifying stablecoin as a means of not redeeming the cryptocurrency to their bank account. The default rate for the capital gains realized on the investment by taxpayers would amount to 31.4%, although they can choose the progressive income-tax regime.

Stablecoin Swap Tax Faces Further Approval Amid Industry Concerns

The proposed measure is subject to further approval by Parliament within the framework of the current budget, and may be subject to amendment or repeal in the course of deliberation.

Critics have warned that levying duties on stablecoin swaps will drive trading activity away from regulated venues into decentralised-finance protocols, direct peer-to-peer trades or offshore exchanges.

Public Accounts Minister David Amiel questioned implementation and called for the amendment to be withdrawn. The vote is therefore an important legislative step, not a final confirmation that the measure will take effect unchanged.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

You need to login in order to Like