The proposed levy focuses on stablecoins regulated under the European Union's MiCA framework and follows a previous endorsement by the Assembly's Finance Committee. Under the terms, an investor who swaps Bitcoin worth $20,000—originally bought for $10,000—into a regulated stablecoin would owe $3,140 in taxes despite keeping the funds within the crypto ecosystem.
Tuesday, October 20, 2026
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French Assembly Votes 38-37 to Tax Crypto Stablecoin Swaps at 31.4%
Crypto3 days ago
Lawmakers in France advanced a measure targeting the conversion of digital assets into stablecoins during a close session of the National Assembly on Oct. 17. The body voted 38 to 37 to support a 31.4% capital gains tax on swaps into single-currency stablecoins for private investors, starting Jan. 1, 2027. The tax would trigger a liability even if the investor does not convert the assets into fiat currency, though the proposal is not yet law.
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