French Lawmakers Back Stablecoin Tax Change By A Single Vote

TL;DR: French lawmakers approved an amendment to the 2027 budget by 38 votes to 37 that would change how gains are taxed when cryptocurrencies are converted into stablecoins . The proposal is not yet final law. For French crypto investors, moving from Bitcoin into a stablecoin could become a taxable event before any euros reach a bank account. The National Assembly has narrowly adopted an amendment to the 2027 budget that seeks to remove the existing tax deferral on crypto-to-stablecoin conversions. The vote was 38 in favor and 37 against, with 25 abstentions. Nicolas Sansu, who introduced Amendment No. 3898, argued that switching from a volatile cryptoasset into a fiat-linked stablecoin should not receive different treatment from cashing out into ordinary currency. The distinction has mattered to active traders.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoinist.