France Crypto Tax Proposal Targets Stablecoin Swaps at 31.4% From 2027

France has advanced a crypto tax proposal that would make gains from certain cryptocurrency-to-stablecoin swaps taxable from January 1, 2027. The National Assembly’s finance committee approved it on October 7, but Parliament must pass the measure before it takes effect. The measure targets exchanges where investors receive electronic money tokens covered by the European Union’s Markets in Crypto-Assets (MiCA) regulation. These tokens seek to hold a stable value against one official currency. Amendment I-CF1826 will be an amendment to Article 150 VH bis of the tax law of France. It was introduced by Nicolas Sansu et al.

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