# France Assembly Adopts 31.4% Tax Proposal for Crypto-to-Stablecoin Gains By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/33620 Published: 2026-10-17T01:03:01.000Z Updated: 2026-10-17T01:03:01.000Z Section: Regulation > Separate proposals would tax certain unrealized gains when residents leave France and require year-end reporting of directly held crypto assets worth at least €100,000. France’s National Assembly adopted a budget amendment Oct. 16 that would apply a 31.4% capital-gains tax to qualifying crypto-to-stablecoin conversions, though the measure is not law. The proposal covers exchanges of crypto assets for certain electronic money tokens, a category that includes some stablecoins regulated under European Union rules. The 31.4% rate is France’s standard flat tax on private investors’ capital gains; it would apply to the gain, not the total value exchanged. The measure follows the [Finance Committee’s earlier approval of a similar proposal]() and would apply to transactions beginning Jan. 1, 2027. Separate proposals remain pending. One would tax latent gains on household crypto holdings above €800,000 when a taxpayer moves their tax residence out of France, provided they had been a French tax resident for at least six of the previous 10 years. Another would require year-end reporting of at least €100,000 in directly held crypto assets. The Assembly rejected a related floor amendment that would have allowed crypto losses to be carried forward for 10 years. The adopted stablecoin-tax amendment remains part of the proposed 2027 budget, which is still under consideration. ## Links in this article - [Finance Committee’s earlier approval of a similar proposal](https://www.tokenpost.com/news/regulation/31801)