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 Finance Committee voted in favor of implementing taxes on stablecoin swaps and extended the country's exit tax to crypto investors in its 2027 budget bill. Amendment I-CF1826, proposed by MP Nicolas Sansu, would tax crypto conversions into fiat-pegged stablecoins from January 1, 2027. Taxable gains would be calculated using the acquisition cost of disposed assets, with a weighted average for holdings of the same token purchased at different prices.
The full Assembly is expected to begin reviewing the 2027 Finance Bill on Tuesday, October 13. Additionally, MP Daniel Labaronne's Amendment I-CCF798 was also approved, allowing investors to carry forward realized crypto losses for a decade. In a related move, Greece proposed a 10% tax on crypto capital gains for individuals with holdings exceeding 800,000 euros, but exempting annual gains up to 500 euros.
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