“French Lawmakers Narrowly Approve Stablecoin Swap Tax, Effective 2027” — what this page in the network covers. French lawmakers have narrowly approved a controversial amendment that will tax crypto-to-stablecoin swaps, with the measure passing by just one vote. The new rule, set to take effect in 2027, will treat conversions from cryptocurrencies like Bitcoin or Ethereum into euro- or dollar-pegged stablecoins as taxable events. This means investors will owe capital gains tax on any profit realized when they swap volatile digital assets for stablecoins, a move that closes a loophole many used to defer tax liabilities.
The amendment specifies that gains will be calculated on a coin-by-coin basis, which could complicate accounting for frequent traders. The decision comes as France tightens oversight of the digital asset sector, aligning with broader European Union regulations under the Markets in Crypto-Assets (MiCA) framework. This listing links straight to the original page, where the content is available in full.