French National Assembly approves new crypto tax, targets stablecoin swaps from 2027

France’s National Assembly has narrowly approved a budget amendment that will make swapping cryptocurrencies for MiCA-compliant stablecoins a taxable event, starting from January 1, 2027. The decision followed a tense session on Friday, where just one vote separated supporters and opponents. Only 100 deputies participated in the vote, with 38 backing the amendment, 37 opposing, and 25 abstaining. This razor-thin majority revived the measure, which had previously failed in the finance committee due to rejection of the wider budget text. Currently, French crypto investors are taxed only when they convert digital assets back into euros or spend them.

Source: CoinTurk News