France May Tax Bitcoin-to-USDC Swaps Before Euro Conversion
- —Amendment I-CF1826 passed the finance committee on Oct. 7 in the 2027 budget bill
- —Swaps into e-money tokens such as USDC would lose the sursis d'imposition deferral
- —Tax would apply at the moment of the swap, even if funds stay on an exchange
- —The acquisition cost basis used to calculate capital gains would also change
Why it matters: France could become the first EU state to treat regulated stablecoins as cash for tax purposes, hitting active traders and USDC demand.
Source: CriptoTendencias