French MPs back crypto tax, and stablecoin swaps take the hit

French MPs backed a proposal to tax gains on swaps into certain stablecoins on Oct. 16, while rejecting a separate ten-year crypto-loss carryforward. The paired decisions would bring tax recognition forward for covered swaps without adding relief for net losses from earlier years. The National Assembly adopted amendment I-3898 by a vote of 38 to 37 , with 25 abstentions, during the first reading of the 2027 finance bill. MPs then rejected I-3653 by a vote of 75 to 18 , with three abstentions. The budget remains in first reading , and an Oct.

Source: CryptoSlate