French committee advances crypto-to-stablecoin tax proposal
CIE News ·
France's Finance Committee backed an amendment to tax crypto trades into qualifying stablecoins starting January 1, 2027, crypto.news reported, alongside a 10-year loss carry-forward rule.
France's National Assembly Finance Committee approved budget amendments to end tax deferrals on cryptocurrency conversions into stablecoins and allow investors to carry forward trading losses, crypto.news reported. Under amendment I-CF1826, submitted by lawmaker Nicolas Sansu, swapping cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) into qualifying electronic money tokens under European Union rules would become a taxable transaction beginning January 1, 2027.
To balance the tax change, the committee also adopted amendment I-CF798 from lawmaker Daniel Labaronne, crypto.news reported. This measure would permit investors to carry forward eligible digital asset capital losses for up to 10 years to offset future gains, replacing the current restriction that limits loss deductions to the same tax year.
Both measures remain at the committee stage within the 2027 budget review, according to crypto.news. The proposals require further legislative debate and full parliamentary floor approval before they can be enacted into law.