French National Assembly passes amendment to tax stablecoin exchanges by 38 votes to 37

On October 18, citing The Defiant, that during the deliberation of the 2027 budget bill, the French National Assembly passed an amendment with 38 votes in favor and 37 against, proposing to eliminate the tax-deferred treatment for certain cryptocurrency assets converted into single fiat-pegged stablecoins starting January 1, 2027. Of the 100 participating lawmakers, 75 votes were valid.

Proposed by lawmaker Nicolas Sansu, the amendment aims to classify these conversions as taxable disposal events. The amendment has not yet become law and must still proceed through subsequent legislative steps alongside the 2027 budget bill.