#法国众议院通过稳定币税修正案 I don’t care about paying taxes. I just don’t want to worry every time I withdraw, only to find I can’t withdraw much anyway.
[Old Leek Watch] Is France cracking down on tax avoidance via stablecoins? Could swapping into USDT also become taxable?
France’s National Assembly has just passed an amendment to crypto tax rules. The point of contention isn’t whether holding USDT should be taxed, but whether investors can continue to defer taxes by swapping profitable cryptocurrencies for stablecoins.
Under current French rules, exchanges between certain crypto assets may not trigger capital gains tax immediately. But selling cryptocurrency for euros can typically result in taxable gains. The newly passed amendment seeks to close this tax loophole for exchanges into stablecoins.
This means that, if the legislation is ultimately enacted, French investors may no longer be able to defer taxes simply by swapping profitable BTC for USDT or other stablecoins that meet the definition.
However, don’t be too quick to assume that France has officially introduced a stablecoin tax. What has passed so far is an amendment, and the 2027 budget bill still has to go through the legislative process. The specific rules will depend on the final text.
What’s really worth watching is that regulators are taking a fresh look at stablecoins: are they merely trading tools in the crypto market, or a way to convert assets that can affect when taxes are due?
If more countries begin tightening these rules, stablecoin usage habits, trading strategies, and compliance costs could all change as a result.$Q
[Old Leek Watch] Is France cracking down on tax avoidance via stablecoins? Could swapping into USDT also become taxable?
France’s National Assembly has just passed an amendment to crypto tax rules. The point of contention isn’t whether holding USDT should be taxed, but whether investors can continue to defer taxes by swapping profitable cryptocurrencies for stablecoins.
Under current French rules, exchanges between certain crypto assets may not trigger capital gains tax immediately. But selling cryptocurrency for euros can typically result in taxable gains. The newly passed amendment seeks to close this tax loophole for exchanges into stablecoins.
This means that, if the legislation is ultimately enacted, French investors may no longer be able to defer taxes simply by swapping profitable BTC for USDT or other stablecoins that meet the definition.
However, don’t be too quick to assume that France has officially introduced a stablecoin tax. What has passed so far is an amendment, and the 2027 budget bill still has to go through the legislative process. The specific rules will depend on the final text.
What’s really worth watching is that regulators are taking a fresh look at stablecoins: are they merely trading tools in the crypto market, or a way to convert assets that can affect when taxes are due?
If more countries begin tightening these rules, stablecoin usage habits, trading strategies, and compliance costs could all change as a result.$Q