{"id":14680,"date":"2026-10-20T05:23:50","date_gmt":"2026-10-20T05:23:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14680"},"modified":"2026-10-20T05:23:50","modified_gmt":"2026-10-20T05:23:50","slug":"french-mps-back-crypto-tax-and-stablecoin-swaps-take-the-hit","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14680","title":{"rendered":"French MPs back crypto tax, and stablecoin swaps take the hit"},"content":{"rendered":"

<\/p>\n

\n

French MPs backed a proposal to tax gains on swaps into certain stablecoins on Oct. 16, while rejecting a separate ten-year crypto-loss carryforward. The paired decisions would bring tax recognition forward for covered swaps without adding relief for net losses from earlier years.<\/p>\n

The National Assembly adopted amendment I-3898 by\u00a0a vote of 38 to 37, with 25 abstentions, during the <\/span>first reading of the 2027 finance bill. MPs then rejected I-3653 by a vote of 75 to 18, with three abstentions.<\/p>\n

\"French\"French
France\u2019s Assembly backed taxing swaps into MiCA e-money tokens and rejected a 10-year crypto loss carryforward.<\/figcaption><\/figure>\n

The budget remains in first reading, and an Oct. 19 provisional text retains the stablecoin provision in Article 4 octies. Its proposed application from Jan. 1, 2027 depends on enactment.<\/p>\n

A tax event before cash-out includes stablecoins<\/h2>\n

Under the current French rules for private investors, covered crypto-to-crypto exchanges without a cash balancing payment receive tax deferral. That lets a holder change crypto exposure without necessarily recognizing a taxable gain in the exchange year.<\/p>\n