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French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget

French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget

In brief

  • France’s Finance Committee adopted an amendment treating swaps of crypto into MiCA-regulated stablecoins as taxable sales from Jan. 1, 2027, and another extending the exit tax to crypto held by households worth more than €800,000.
  • The committee then rejected the budget’s revenue section on Oct. 9 by 31 votes to 3, so the floor debate starts from the government’s original text.
  • A third adopted amendment would let investors carry crypto losses forward for 10 years; the Assembly debates the revenue section from Oct. 13 and votes Oct. 20.

France’s National Assembly Finance Committee voted this week to tax crypto holders who swap into stablecoins—tokens tied to a single official currency, such as the dollar or the euro—and…

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