France Set to Tax Crypto-to-Stablecoin Trades from 2027

France’s National Assembly finance committee has backed a measure that would make swapping cryptocurrencies for stablecoins a taxable event. Deputy Nicolas Sansu proposed the change to close a loophole that currently lets investors defer capital-gains tax.

Under existing rules, only conversions into fiat currencies trigger the tax. Moving funds into stablecoins has served as a tax-free “rest stop,” allowing traders to exit volatile positions without immediate liability.

If approved in the full chamber on 13 October, the rule would take effect in January 2027. Similar legislation is already in place in Italy and the UK.

Crypto industry figures have pushed back. Owen Simonin, founder of Meria, warned that French investors would lose one of their few remaining tools for managing tax timing when shifting between crypto assets.

Based on information from cryptonews.net