France Proposes 31.4% Tax on Crypto to Stablecoin Conversions Starting 2027

HIGHLIGHTS France proposes taxing crypto-to-stablecoin conversions at 31.4% beginning January 2027, pending final parliamentary approval. French lawmakers will reconsider stablecoin tax provisions after the finance committee rejected budget revenue measures. Other proposals target large self-custody wallets, crypto exit taxes, and proposed ten-year loss carryforward rules. France has proposed extending its 31.4% cryptocurrency capital gains tax to regulated stablecoin conversions beginning January 2027, although parliamentary opposition has left the measure awaiting further debate and approval.