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Regulation & Policy · 1 min read

French Lawmakers Advance Stablecoin Tax Amendment for 2027 Budget

The National Assembly passed an amendment to tax crypto-to-stablecoin trades and is weighing exit taxes and self-custody reporting.

Editorial oversight: Julian Mercer, Chief Editor
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At a glance Proposed

What happened
France's National Assembly voted 38 to 37 to advance an amendment taxing crypto-to-stablecoin transactions starting in 2027.
Why it matters
Investors would incur capital gains taxes immediately upon swapping tokens into stablecoins, eliminating tax deferral without fiat conversion.
Who is affected
French cryptocurrency investors, self-custodial wallet users, and high-net-worth holders relocating abroad.
Takes effect
2027
What's next
The National Assembly is scheduled to vote on the first part of the 2027 Finance Bill on Tuesday.
Primary source
cointelegraph.com: France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals

Key points

  • France's National Assembly approved Amendment I-3898 by a 38-to-37 vote to tax crypto-to-stablecoin swaps starting in 2027.
  • A proposal to carry forward realized crypto losses for 10 years was rejected by lawmakers with 75 votes against and 18 in favor.
  • Lawmakers are weighing an exit tax on portfolios over €800,000 and reporting mandates for self-custodial wallets holding over €100,000.

French lawmakers narrowly approved an amendment that could classify cryptocurrency-to-stablecoin transactions as taxable events starting in 2027 1. The National Assembly passed Amendment I-3898 on Friday with 38 votes in favor, 37 against, and 25 abstentions 1. The measure was initially introduced by MP Nicolas Sansu as committee amendment I-CF1826 before its preliminary adoption on Oct. 7 1.

If enacted into law, the provision would trigger capital gains taxes whenever investors swap tokens like $BTC for stablecoins, even if the proceeds remain within digital assets and are not converted to fiat currency 1. Tax calculations would rely on the acquisition price of the transferred asset alongside the weighted average purchase price 1. Meanwhile, the assembly rejected an amendment to permit carrying forward realized crypto losses over a 10-year period by a 75-to-18 vote 1.

Exit Taxes and Self-Custody Reporting Under Review

Lawmakers in France are evaluating additional digital asset fiscal measures within the 2027 Finance Bill 1. Amendment I-CF1822 seeks to impose an exit tax on unrealized crypto gains for individuals holding more than €800,000 in assets who relocate their tax residency outside France 1. Simultaneously, Amendment I-2701 would mandate declarations for self-custodial wallet balances that exceed €100,000 during a given tax year 1. Both proposals remained under consideration as of Monday 1.

The National Assembly is scheduled to vote on the first part of the 2027 Finance Bill on Tuesday, according to its official timetable 1.

Questions this story raises

What would Amendment I-3898 change for French crypto traders?
It would treat exchanges from cryptocurrencies into stablecoins as taxable events, calculating capital gains using the weighted average purchase price even if the investor does not cash out into fiat currency.
What reporting threshold is proposed for self-custodial wallets?
Amendment I-2701 proposes that individuals must declare holdings in self-custodial wallets if the combined value exceeds €100,000 during the relevant tax year.

Sources

  1. [1] France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals — cointelegraph.com, October 19, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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