Regulation· ★★★★· bearish·

France: 2027 budget amendments target crypto-to-stablecoin conversions with new tax

  • —Amendment I-CF 1826 would tax crypto-to-stablecoin conversions starting January 1, 2027
  • —Amendment I-CF 1822 extends exit tax to unrealized crypto gains above €800,000 when moving tax residency abroad
  • —Amendment I-CF 821 mandates declaring self-hosted wallets over €100,000, with fines up to €10,000
  • —Amendments I-CF 1564 and I-CF 1553 propose exempting purchases up to €1,000 a year and carrying losses forward for 10 years
Why it matters: France could become the first EU state to tax crypto-to-stablecoin conversions, hitting trading volumes and setting a precedent for other jurisdictions.
Source: Cryptoast
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