France plans to tax crypto-to-stablecoin swaps from 2027
- —The amendment modifies article 150 VH bis of the French tax code
- —The tax would apply to swaps into MiCA-defined e-money tokens such as USDT and USDC
- —Bitcoin-to-ether swaps would remain tax-free in France
- —Crypto losses could be carried forward for ten years instead of one
Why it matters: France is closing a tax loophole that has existed in Germany for years, potentially changing how investors park gains in stablecoins.
Source: CryptoTicker