【France is targeting the “swap” step—crypto swaps will be taxed starting in 2027 💰🔥】
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A lot of people think swapping coins for stablecoins isn’t taxable because they haven’t sold. France says it’s time to close that loophole. The National Assembly’s Finance Committee took action this week, approving an amendment to the tax rules. The new rules take effect on January 1, 2027. Swapping into stablecoins like $USDT will count as a sale. 🧾
The amendment was put forward by a French lawmaker. His reasoning is simple: he says the current rules are a “legislative loophole.” Previously, swapping $BTC for stablecoins didn’t count as a disposal. Under the new rules, it will. The cost basis of the portion of the asset being sold will be used. If you bought the same coin several times, the weighted average price will apply. 📉
This isn’t the only change. Another amendment passed the same week: losses can now be carried forward for ten years. Previously, you could only offset losses in the year they occurred, which was frustrating. Now you can “bank” losses and use them over time. That’s some consolation for long-term holders. 🧮
The toughest measure is the exit tax, which passed on Thursday. If your household owns more than €800,000 in crypto assets—about $895,000—and you move your residence abroad, you’ll have to pay tax upfront on unrealized gains, even if you haven’t sold. In my view, this is the measure that really bolts the door shut. Your wallet’s still warm, but the tax bill has already arrived. 🚪
Keep in mind, the bill hasn’t passed in full yet. The entire National Assembly begins reviewing it on October 13. Greece, meanwhile, is taking a different path: it taxes personal capital gains at 10%, but gains under €500 a year are exempt. France is determined to tax it, while Greece doesn’t even tax coin-to-coin swaps. ⚖️
Put simply, Europe is tightening the screws on tax reporting. DAC8 has been in effect since January 2026. Exchanges will have to report your identity and transaction records. The first cross-border data exchange must be completed by September 2027. To me, that’s the part that really makes people uneasy. It’s not that taxes are going up—it’s that you can’t hide anymore. 🌍
📌 Swapping coins is shifting from “I haven’t sold” to “I’ve sold.”
When you swap your coins for stablecoins, do you think it should count as a sale? Let’s talk in the comments.
Join Mr. X’s fan group chat on the homepage 🔥
A lot of people think swapping coins for stablecoins isn’t taxable because they haven’t sold. France says it’s time to close that loophole. The National Assembly’s Finance Committee took action this week, approving an amendment to the tax rules. The new rules take effect on January 1, 2027. Swapping into stablecoins like $USDT will count as a sale. 🧾
The amendment was put forward by a French lawmaker. His reasoning is simple: he says the current rules are a “legislative loophole.” Previously, swapping $BTC for stablecoins didn’t count as a disposal. Under the new rules, it will. The cost basis of the portion of the asset being sold will be used. If you bought the same coin several times, the weighted average price will apply. 📉
This isn’t the only change. Another amendment passed the same week: losses can now be carried forward for ten years. Previously, you could only offset losses in the year they occurred, which was frustrating. Now you can “bank” losses and use them over time. That’s some consolation for long-term holders. 🧮
The toughest measure is the exit tax, which passed on Thursday. If your household owns more than €800,000 in crypto assets—about $895,000—and you move your residence abroad, you’ll have to pay tax upfront on unrealized gains, even if you haven’t sold. In my view, this is the measure that really bolts the door shut. Your wallet’s still warm, but the tax bill has already arrived. 🚪
Keep in mind, the bill hasn’t passed in full yet. The entire National Assembly begins reviewing it on October 13. Greece, meanwhile, is taking a different path: it taxes personal capital gains at 10%, but gains under €500 a year are exempt. France is determined to tax it, while Greece doesn’t even tax coin-to-coin swaps. ⚖️
Put simply, Europe is tightening the screws on tax reporting. DAC8 has been in effect since January 2026. Exchanges will have to report your identity and transaction records. The first cross-border data exchange must be completed by September 2027. To me, that’s the part that really makes people uneasy. It’s not that taxes are going up—it’s that you can’t hide anymore. 🌍
📌 Swapping coins is shifting from “I haven’t sold” to “I’ve sold.”
When you swap your coins for stablecoins, do you think it should count as a sale? Let’s talk in the comments.