French Assembly Narrowly Adopts Stablecoin Swap Tax Proposal

If passed, the measure would subject French cryptocurrency holders to a 31.4% capital gains tax each time they exchange a cryptocurrency for a stablecoin. Analysts agree this would prompt French crypto holders to consider alternatives to park their digital assets. France is on the verge of tightening its cryptocurrency regulation framework, putting taxation front and center. On Friday, as part of the 2027 Finance bill debate, the National Assembly discussed and adopted Amendment I-3898 , which proposes taxing crypto-to-stablecoin exchanges with capital gains tax. Filed by MP Nicolas Sansu and passed by the Finance Committee last week , the amendment passed by a narrow 38-37 vote with 25 abstentions: out of 577, only 100 MPs participated in the vote.

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