The tax applies even if the investor does not withdraw funds into fiat currency. For instance, an investor who swaps $20,000 of Bitcoin—originally purchased for $10,000—into a regulated stablecoin would owe $3,140 in taxes despite the funds remaining within the crypto ecosystem. Some observers suggest the measure will pressure investors to hold their assets indefinitely to avoid triggering the liability.
Wednesday, October 21, 2026
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France Finance Committee Backs 31.4% Tax on Crypto Swaps
Crypto6 days ago
A new measure to tax capital gains on the movement of digital currencies into stablecoins has advanced through a key review stage in the French parliament. The National Assembly Finance Committee endorsed a proposal to levy a 31.4% tax on realized gains from swaps into stablecoins that comply with the EU's MiCA regulation, with the policy scheduled to take effect in January 2027.
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