French lawmakers back stablecoin swap tax in 2027 budget bill

France’s Finance Committee backed taxes on stablecoin swaps, as well as unrealized crypto gains when households with more than 800,000 euros move abroad.

France’s National Assembly Finance Committee approved proposals this week to tax swaps into fiat-pegged stablecoins and extend the country’s exit tax to crypto investors.

Amendment I-CF1826, submitted by French MP Nicolas Sansu and adopted Wednesday, would make crypto conversions into fiat-pegged stablecoins taxable events from Jan. 1, 2027.

The explanatory text describes the current tax treatment as a “loophole in the legislation,” according to a machine translation.

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