Morning Edition · Saturday, October 17, 2026Published at 1:38 AM EDT · New York

French Lawmakers Vote to Tax Crypto-to-Stablecoin Swaps at 31.4% From 2027

The National Assembly adopted amendment I-3898 to the 2027 budget, which ends the tax deferral on swaps into stablecoins such as USDC and EURC, but the Senate must still act and a forced budget passage could drop the amendment.

France's National Assembly on Friday, October 16, adopted an amendment to tax conversions of bitcoin and other crypto-assets into stablecoins. The text, amendment I-3898 to the 2027 budget bill, changes article 150 VH bis of the General Tax…