French Assembly Backs Crypto-to-Stablecoin Tax Measure by One Vote
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A French budget amendment would end tax deferral for swaps into single-currency stablecoins from January 1, 2027, but has not become law.
France’s National Assembly has approved a measure targeting crypto-to-stablecoin swaps by a margin of one vote, according to The Defiant.
The amendment to the 2027 budget would remove tax deferral when cryptocurrency is exchanged for a stablecoin linked to a single currency.
The proposed change would take effect on January 1, 2027. The Assembly vote does not make it law, and the measure remains subject to further legislative approval.
Source: The Defiant
