By a single vote, French deputies moved to tax crypto-to-stablecoin swaps. It isn’t law yet.

What matters:
• Amendment I-3898 to the 2027 budget passed 38-37, with just 100 of 577 deputies voting
• Swaps into MiCA e-money stablecoins would lose their tax deferral from Jan 1, 2027
• The Senate reviews it next, and the government opposes the change

French holders who park gains in stablecoins should keep a close eye on the Senate. #France