Cc9f267dcClaimThe French executive government remains opposed to Amendment I-3898, which subjects crypto-to-stablecoin swaps to capital gains taxationAgreeDisagree
Cc9f267dcClaimOn October 16, 2026, 100 of 577 French National Assembly MPs voted (38-37, with 25 abstentions) to adopt Amendment I-3898 to the 2027 Finance bill, proposing a 31.4% capital gains tax on crypto-to-stablecoin swapsAgreeDisagree
Cc9f267dcClaimAnalysts suggest taxing stablecoin swaps could impede stablecoin adoption in France and lead French investors to rotate into alternatives like gold-linked digital tokensAgreeDisagree
Cc9f267dcClaimFrench MP Nicolas Sansu filed Amendment I-3898, which was approved by France's Finance Committee before advancing to the French National AssemblyAgreeDisagree
Cc9f267dcClaimAmendment I-3898 seeks to close a regulatory tax loophole regarding crypto-to-stablecoin exchanges and stablecoins, which French legislators argue perform money functions such as payments and investmentsAgreeDisagree
Cc9f267dcClaimThe 31.4% tax proposed in Amendment I-3898 on crypto-to-stablecoin swaps would disrupt French trading strategies that use stablecoins to park digital asset gains and avoid immediate capital gains taxesAgreeDisagree
Cc9f267dcClaimIf adopted without modifications by the French Parliament, the capital gains tax imposed by Amendment I-3898 on crypto-to-stablecoin exchanges will take effect on January 1, 2027AgreeDisagree
Cc9f267dcClaimFrench media reported that the French government could exclude Amendment I-3898 or approve the budget bill's first iteration without amendments to prevent the tax measure from passingAgreeDisagree
Cc9f267dcClaimAmendment I-3898 argues that untaxed crypto-to-stablecoin exchanges deprive the French government of a valuable tax resource without creating any new burdenAgreeDisagree
Cc9f267dcClaimA French National Assembly vote on Tuesday, October 20, 2026, will decide the delivery of Amendment I-3898 and the 2027 Finance bill to the Senate for further considerationAgreeDisagree
Cc9f267dcClaimIndividuals who fail to declare self-custodied crypto holdings under Amendment I-CF821 face fines of up to €10,000 ($11,000)AgreeDisagree
Cc9f267dcClaimSponsors of Amendment I-CF821 introduced the disclosure measure to combat tax evasion and address unrecorded cryptocurrency capital gainsAgreeDisagree
Cc9f267dcClaimOn October 9, 2026, the French National Assembly's Finance Committee adopted Amendment I-CF821, requiring individuals to declare self-custodied crypto wallets valued at or above €100,000 ($112,000) annually as of December 31AgreeDisagree
Cc9f267dcClaimRegulated crypto service providers in France already face tax reporting obligations, whereas self-custodied wallets previously remained unmonitoredAgreeDisagree
Cc9f267dcClaimThe French Finance Committee voted to treat conversions from cryptocurrency into fiat-backed stablecoins as taxable sales beginning January 2027AgreeDisagree
Cc9f267dcClaimNym CEO Harry Halpin criticized the crypto wallet disclosure rule in Amendment I-CF821, citing a case where a French tax agent allegedly sold crypto holders' tax data to criminalsAgreeDisagree
Cc9f267dcClaimThe French Finance Committee approved expanding France's exit tax to cryptocurrency holdings exceeding €800,000 when taxpayers move abroadAgreeDisagree
Cc9f267dcClaimAmendment I-CF821 was sponsored by LIOT parliamentary group deputies Charles de Courson, Jean-Pierre Bataille, and Michel CastellaniAgreeDisagree
Cc9f267dcClaimTo become law, the rejected crypto amendments, including Amendment I-CF821, must be re-submitted and approved during full National Assembly floor debateAgreeDisagree
