France just sent a message to crypto investors across Europe: profits will be taxed — but losses finally get recognized.
The National Assembly's Finance Committee approved three crypto amendments to the 2027 budget: crypto-to-stablecoin swaps become a taxable event from January 1, 2027, even without cashing out to euros; realized crypto losses can be carried forward up to 10 years, replacing the current same-year-only rule; and an exit tax applies to unrealized gains when holders with over €800,000 in crypto move their tax residence abroad.
These are committee approvals, not law yet — plenary debate runs October 13–19, with the final budget vote on November 17.
Takeaway: Europe's tax net is tightening, but the 10-year loss relief shows lawmakers finally understand crypto cycles. Not financial advice.
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France's crypto tax reform sends a new signal: profits will be taxed, and losses will finally be recognized.
The National Assembly's Finance Committee approved three amendments: ① Starting January 1, 2027, crypto-to-stablecoin swaps will be taxable events, so exchanging BTC or ETH for stablecoins will trigger tax; ② crypto losses can be carried forward for 10 years to offset future gains, whereas currently they can only be deducted in the same year; ③ people holding more than €800,000 in crypto who move their tax residence out of France will pay an exit tax on unrealized gains.
Plenary debate runs October 13–19, with the final vote on November 17. Takeaway: the tax net is tightening, but the 10-year loss relief shows lawmakers finally understand crypto cycles. Not investment advice; for informational purposes only.
$BTC $ETH #CryptoTax #Stablecoin #France
The National Assembly's Finance Committee approved three crypto amendments to the 2027 budget: crypto-to-stablecoin swaps become a taxable event from January 1, 2027, even without cashing out to euros; realized crypto losses can be carried forward up to 10 years, replacing the current same-year-only rule; and an exit tax applies to unrealized gains when holders with over €800,000 in crypto move their tax residence abroad.
These are committee approvals, not law yet — plenary debate runs October 13–19, with the final budget vote on November 17.
Takeaway: Europe's tax net is tightening, but the 10-year loss relief shows lawmakers finally understand crypto cycles. Not financial advice.
---
France's crypto tax reform sends a new signal: profits will be taxed, and losses will finally be recognized.
The National Assembly's Finance Committee approved three amendments: ① Starting January 1, 2027, crypto-to-stablecoin swaps will be taxable events, so exchanging BTC or ETH for stablecoins will trigger tax; ② crypto losses can be carried forward for 10 years to offset future gains, whereas currently they can only be deducted in the same year; ③ people holding more than €800,000 in crypto who move their tax residence out of France will pay an exit tax on unrealized gains.
Plenary debate runs October 13–19, with the final vote on November 17. Takeaway: the tax net is tightening, but the 10-year loss relief shows lawmakers finally understand crypto cycles. Not investment advice; for informational purposes only.
$BTC $ETH #CryptoTax #Stablecoin #France