Under French tax rules prior to the proposed 2027 amendment, swapping cryptocurrency for stablecoins triggers no immediate tax liability until gains are sold for fiat currency or spent

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

How tax authorities treat digital assets, from capital gains on trades to income from staking, mining, and airdrops, along with reporting rules for exchanges and individuals.