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French Lawmakers Back Stablecoin Tax Change By A Single Vote

French Lawmakers Back Stablecoin Tax Change By A Single Vote

Photo: Bitcoinist

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.

Source: Bitcoinist

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