- French lawmakers approved a proposal to tax swaps into fiat-pegged stablecoins from Jan. 1 2027.
- Another approved amendment would extend exit tax rules to some crypto investors moving abroad.
France crypto tax proposals moved forward this week after the National Assembly Finance Committee approved measures covering stablecoin swaps, crypto losses and unrealized gains tied to some departures from the country. One amendment would treat conversions into fiat-pegged stablecoins as taxable events starting on Jan. 1, 2027, while another would apply exit tax rules to taxpayers who move abroad with household crypto holdings worth more than 800,000 euros. The committee also backed a measure allowing realized crypto losses to be carried forward for 10 years. These steps now sit ahead of the full Assembly’s examination of the 2027 Finance Bill on Tuesday, Oct. 13.
France crypto tax proposal targets stablecoin swaps
France’s National Assembly Finance Committee approved Amendment I-CF1826, submitted by MP Nicolas Sansu and adopted Wednesday. The measure would make conversions into fiat-pegged stablecoins taxable events from Jan. 1, 2027. According to the explanatory text, the current treatment was described as a loophole in the legislation.
Under the proposal, taxable gains would be calculated from the acquisition cost of the assets being disposed of. When investors hold the same token bought at different prices, the calculation would use a weighted average. If enacted, the rule means investors could face capital gains taxes without first cashing out into fiat.
Other measures in the France crypto tax package
Another approved proposal came from MP Daniel Labaronne. Amendment I-CCF798, also adopted Wednesday, would let investors carry forward realized crypto losses for 10 years. The committee also adopted an exit tax amendment on Thursday that would apply to unrealized gains.
That exit tax measure would cover taxpayers who transfer their residences abroad when their household crypto holdings are worth more than 800,000 euros, or about $895,000. Together, the amendments show that the committee backed changes affecting both realized and unrealized crypto-related gains.
EU reporting rules and the wider context
The full Assembly is scheduled to begin examining the 2027 Finance Bill on Tuesday, Oct. 13. The approved committee amendments still sit within that broader legislative process. France and other European Union members must also apply the bloc’s tax reporting rules under the eighth amendment to the Directive on Administrative Cooperation, known as DAC8.
Under DAC8, crypto service providers must collect user identities and transaction data and report them to national tax authorities. Those authorities then exchange the information with counterparts across EU member states. The reporting requirements started applying on Jan. 1, 2026, and the first exchanges of information covering 2026 transactions are due by Sept. 2027.
Greece offers a different approach
On Wednesday, Greece’s Ministry of National Economy and Finance published a draft bill that would impose a 10% tax on individuals’ crypto capital gains. The proposal includes an exemption for annual gains of up to 500 euros, or about $560.
Unlike the French proposal on conversions, the Greek draft would leave crypto-to-crypto exchanges untaxed. That contrast highlights a key difference in approach, as France’s committee-backed measure would specifically bring swaps into fiat-pegged stablecoins into the taxable category from 2027.
Conclusion
The France crypto tax debate now centers on a set of committee-approved amendments that would change how some crypto activity is taxed from 2027. The measures include a tax on conversions into fiat-pegged stablecoins, a 10-year carryforward for realized crypto losses, and an exit tax covering unrealized gains for households with crypto holdings above 800,000 euros that move abroad. These proposals come as EU reporting rules under DAC8 are already taking effect across member states. The next key step is the full Assembly’s review of the 2027 Finance Bill, scheduled to begin on Tuesday, Oct. 13.
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