France Panel Backs 2027 Tax on Stablecoin Swaps and Crypto Exits

France’s National Assembly Finance Committee approved proposed taxes on stablecoin conversions and certain unrealized crypto gains, signaling tighter digital-asset taxation ahead of the country’s 2027 budget debate.

An amendment adopted Wednesday would make conversions of crypto assets into fiat-pegged stablecoins taxable events beginning Jan. 1, 2027. Taxable gains would be calculated from acquisition costs, using a weighted average for holdings of the same token bought at different prices.

A separate amendment would allow investors to carry realized crypto losses forward for 10 years. An exit-tax measure adopted Thursday would cover unrealized gains when households holding more than $895,000 in crypto assets transfer their residences abroad.

The measures remain proposals within France’s 2027 Finance Bill. The full National Assembly is scheduled to begin examining the bill Tuesday, Oct. 13.

The changes would add to a broader European reporting framework. Under the European Union’s DAC8 rules, crypto service providers began collecting and reporting user identity and transaction data to tax authorities in 2026, with the first information exchanges covering 2026 activity due by September 2027.