French National Assembly approves 31.4% tax on stablecoin trades
CIE News ·
Based on reporting by Bitcoin.com News; not yet independently confirmed.
France's National Assembly approved an amendment to apply a 31.4% capital gains tax to crypto-to-stablecoin swaps. The contested bill must clear the Senate before taking effect in January 2027.
The French National Assembly voted 38-to-37 on October 17, 2026, to adopt Amendment I-3898, which proposes a 31.4% flat capital gains tax on crypto-to-stablecoin swaps, according to Bitcoin.com News. Introduced by MP Nicolas Sansu, the proposal seeks to eliminate the current tax-free exemption for exchanges between digital tokens and stablecoins.
Proponents argued that stablecoins serve functions similar to money and that closing the exemption recaptures revenue without creating a new burden. If enacted without changes, the measure would take effect on January 1, 2027, though the government opposes the rule and the Senate could amend or reject the text before the budget bill is finalized.
Key facts
- Amendment I-3898 adopted
- 38-to-37 vote
- 31.4% tax proposed
- Pending Senate review
Read the original at Bitcoin.com News