France's Assembly Backs Tax on Some Crypto-to-Stablecoin Swaps
Photo: TokenPost
France’s National Assembly narrowly approved a proposal to tax gains on swaps from crypto assets into certain electronic-money tokens from 2027, even when investors do not cash out to euros. The amendment passed Oct. 16 by 38 votes for, 37 against and 25 abstentions. The amendment applies when a taxpayer swaps crypto assets for a token classified as electronic money under MiCA. The category includes tokens that reference the value of one official currency. If enacted, the change would apply to transactions from Jan. 1, 2027.
Also reported by The Defiant.
Source: TokenPost
