#FranceNationalAssemblyPassesCryptoToStablecoinTaxAmendment
France’s National Assembly has narrowly approved an amendment that could change how crypto investors manage their profits. On October 16, lawmakers voted 38–37 in favour of taxing certain crypto-to-stablecoin conversions.
Under the proposal, swapping Bitcoin or another qualifying crypto asset into a fiat-backed stablecoin could trigger capital-gains tax instead of allowing investors to defer taxation until a later conversion into euros. The proposed rate is 31.4% on taxable gains, not the entire transaction amount.
My take: This matters because traders often move into stablecoins to protect profits without leaving the crypto market. If the measure becomes law, that strategy could carry an immediate tax cost for French tax residents.
However, this is an adopted budget amendment, not yet a law. France’s 2027 budget process still has to continue.
Would this change how you manage profits in a crypto portfolio?