France to tax crypto-to-stablecoin swaps from 2027 after Assembly vote

French lawmakers have taken a step toward making crypto-to-stablecoin swaps taxable events in 2027, narrowly approving Amendment I-3898 in the National Assembly. The amendment was adopted with 38 votes in favor, 37 against, and 25 abstentions on Friday. Amendment I-3898, initially introduced by French Member of Parliament Nicolas Sansu as committee amendment I-CF1826 and adopted on October 7, seeks to modify France’s capital gains tax regime for digital assets. If given final approval, the rules will mean that converting Bitcoin (BTC) or other cryptocurrencies to stablecoins will be treated as a taxable event, even if investors do not cash out…

Also reported by The Defiant.

Source: CoinTurk News