France Crypto News: Bitcoin to USDC Swaps May Face 31.4% Tax in 2027 As of October 17, 2026, France crypto news today centres on a budget vote. On October 16, during a French National Assembl
As of October 17, 2026, France crypto news today centres on a budget vote.
On October 16, during a French National Assembly crypto session, lawmakers adoptedamendment I-3898, according to Journal du Coin. ( Source: https://www.assemblee-nationale.fr/dyn/17/amendements/3210A/AN/3898 )
Nicolas Sansu and sixteen colleagues filed it. If it survives, a France crypto to stablecoin tax from January 2027 would follow.
Wu Blockchain also covered this news in atweet on X, citing the same report.
Not today. Swapping one coin for another triggers no bill, and the flat tax 31.4% arrives only when gains are cashed out in euros or spent, per Journal du Coin.
The text editsarticle 150 VH bis. Under the official wording, an exchange in which the seller receives electronic money tokens (EMT), as defined by MiCA, would lose that deferral.
A swap would become a taxable event even when no euro is received, creating a stablecoin capital gains tax.
Journal du Coin adds that the acquisition price of the tokens received would be fixed at the swap. It also notes that the measure repeats a version approved by the finance committee on October 7, listed ascommittee amendment I-CF1826. ( Source: https://www.assemblee-nationale.fr/dyn/17/amendements/3210A/CION_FIN/CF1826 )
The 31.4% flat tax crypto gains carry today would apply unchanged, so the rate stays. Journal du Coin gave this illustration:
Bitcoin worth 10,000 euros swapped into a stablecoin
Gain of 4,000 euros
Estimated bill of about 1,256 euros, with no euro received
Applying crypto capital gains tax at the swap stage is the real shift, as the table below lays out.
Scenario
Today
If adopted
BTC to USDC swap
Not taxed
Taxable event
BTC sold for euros
Taxed
Taxed
Start date
None
January 1, 2027
Yes, if the measure becomes law. Only MiCA-regulated stablecoins are targeted, which makes it a MiCA tax, not a blanket levy.
Token
Covered?
USDC tax France
Yes
EURC tax France
Yes
USDT tax France
No
Not under this text. The Chainalysis analysis, as cited by Journal du Coin, places USDT outside the scope, and Chainalysis warns that volumes may drift toward unregulated channels.
An euro-pegged stablecoin such as EURC would be taxed, while a non-MiCA coin would not.
That gap feeds the crypto-to-crypto tax debate and the wider stablecoin regulation Europe is still shaping. For France crypto news followers, that gap matters most.
No. The France budget 2027 crypto amendment still faces three steps, per Journal du Coin:
October 20: solemn vote on the revenue section
November 17: examination of the whole 2027 draft budget bill
Afterwards: Senate review
France 2027 budget crypto proposals also include wallet declarations from 100,000 euros and an exit tax above 800,000 euros, per the same report. Both still await their own votes. France crypto news will be updated after the October 20 vote.
Analysts following crypto news may read the amendment as a visibility tool for the France stablecoin tax 2027 timetable, though Chainalysis argues the opposite effect is possible. Any France crypto tax change 2027 could still shift in the Senate.
France crypto news readers should watch October 20 first. That is the next test for France crypto tax 2027 plans. In France crypto tax news today, the open question is scope, not the rate.
Disclaimer: This article is for information only and is not financial, legal, or tax advice. Crypto assets are volatile, and rules may change. Verify details with official sources.
