--- title: "French Lawmakers Advance Stablecoin Tax Amendment for 2027 Budget" description: "The National Assembly passed an amendment to tax crypto-to-stablecoin trades and is weighing exit taxes and self-custody reporting." url: https://basisdesk.news/news/france-advances-stablecoin-tax-amendment-2027-budget published: 2026-10-19T10:37:38.385Z modified: 2026-10-19T10:37:38.385Z section: Regulation & Policy author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bearish tickers: [BTC] tags: [france, stablecoins, taxation, regulation, self-custody] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # 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. ## At a glance - **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. - **Status:** proposed - **Primary source:** [France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals](https://cointelegraph.com/news/france-stablecoin-tax-eyes-self-custodial-wallets-exit-tax?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## 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. ## Editorial remark - **Context:** French tax rules previously spared crypto-to-crypto swaps from capital gains until off-ramping into fiat, but MP Nicolas Sansu introduced the reform to curb tax-deferred reallocations into stable assets. - **Impact:** French crypto investors would lose the ability to hedge market volatility using stablecoins without generating an immediate tax liability. - **Watch:** The National Assembly's scheduled vote on the first section of the 2027 Finance Bill on Tuesday. 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]. ## FAQ **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. [France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals](https://cointelegraph.com/news/france-stablecoin-tax-eyes-self-custodial-wallets-exit-tax?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-10-19 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai