# French Executives Propose Taxing Crypto Conversions Into Regulated Stablecoins

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/26761
Published: 2026-10-05T08:37:57.000Z
Updated: 2026-10-05T08:37:57.000Z
Section: Regulation

> Their plan would change when some crypto gains are taxed while preserving deferral for crypto-to-crypto trades and conversions into nonregulated stablecoins.

Three French crypto executives proposed taxing conversions from crypto assets into regulated stablecoins, a change that would alter when some gains are taxed while keeping other digital-asset trades tax-deferred.

Jean Meyer of Deblock, Damien Patureaux of Lyzi and Pierre Morizot of Waltio said the proposal would move the taxable event from converting a regulated stablecoin into euros to converting crypto into a regulated stablecoin. They said the same gain would be taxed once at the same rate. The proposal has not been adopted.

France currently defers taxes on exchanges between digital assets when no additional payment is involved. The executives would preserve that treatment for crypto-to-crypto trades and conversions into nonregulated stablecoins, including USDT and DAI.

The proposal addresses when gains are taxed, not a new tax rate. For occasional individual investors, gains are calculated using the disposal price and the value and acquisition cost of the holder’s overall digital-asset portfolio. The executives called for calculating gains asset by asset and allowing losses to carry forward.

They argue that the current tax treatment complicates the use of crypto for payments. They also said the question is when gains should be taxed, rather than whether they should be.

France has legal provisions and a decree governing information transfers under the European Union’s DAC8 framework.