On October 16, France’s National Assembly passed a 2027 budget amendment by 38 votes to 37: starting January 1, 2027, exchanging cryptocurrency for a regulated stablecoin such as $USDC in France will count as a “sale,” and any gains will be taxed at 31.4%.
Under France’s current rules, crypto-to-crypto trades can be made without paying tax upfront; tax is calculated later, when the crypto is converted to euros or used to buy something. The new provision singles out stablecoins. For example, if you exchange $ETH for USDC on January 2, 2027, without a single cent reaching your bank account, the tax authorities will still treat the gain as realized. The 31.4% is not a new tax rate, but France’s existing flat tax on capital gains, made up of 12.8% income tax and 18.6% social levies.
The amendment passed by just one vote. More dramatically, one of the lawmakers who voted in favor later publicly said they had actually meant to vote against it and had pressed the wrong button. Under parliamentary rules, a post-vote clarification does not change the result, so the provision still counts as passed.
But it is still a long way from taking effect. The overall vote on the revenue section, originally scheduled for October 20, has been postponed, more than 2,800 amendments have yet to be considered, and the bill must also pass the Senate. The first-reading vote on the full budget is scheduled for November 17. Two other proposals are also awaiting review: an “exit tax” on crypto holdings worth more than €800,000, and a reporting requirement for self-custody wallets holding more than €100,000.
Meanwhile, on Binance, as of 19:53 on October 21 (UTC+8), ETH/USDT was trading at around $2,471, up about 3.6% over 24 hours.
#稳定币 #USDC #行情 does not constitute investment advice
Under France’s current rules, crypto-to-crypto trades can be made without paying tax upfront; tax is calculated later, when the crypto is converted to euros or used to buy something. The new provision singles out stablecoins. For example, if you exchange $ETH for USDC on January 2, 2027, without a single cent reaching your bank account, the tax authorities will still treat the gain as realized. The 31.4% is not a new tax rate, but France’s existing flat tax on capital gains, made up of 12.8% income tax and 18.6% social levies.
The amendment passed by just one vote. More dramatically, one of the lawmakers who voted in favor later publicly said they had actually meant to vote against it and had pressed the wrong button. Under parliamentary rules, a post-vote clarification does not change the result, so the provision still counts as passed.
But it is still a long way from taking effect. The overall vote on the revenue section, originally scheduled for October 20, has been postponed, more than 2,800 amendments have yet to be considered, and the bill must also pass the Senate. The first-reading vote on the full budget is scheduled for November 17. Two other proposals are also awaiting review: an “exit tax” on crypto holdings worth more than €800,000, and a reporting requirement for self-custody wallets holding more than €100,000.
Meanwhile, on Binance, as of 19:53 on October 21 (UTC+8), ETH/USDT was trading at around $2,471, up about 3.6% over 24 hours.
#稳定币 #USDC #行情 does not constitute investment advice