French lawmakers narrowly approved amendment I-3898 to the 2027 budget on October 16, by 38 votes to 37 with 25 abstentions, which would remove tax deferral on crypto-to-stablecoin swaps. From January 1, 2027, swaps into MiCA-compliant e-money tokens would fall under the 31.4% capital gains rate even without a cash withdrawal to a bank account. The amendment still must pass the remaining budget stages and could be changed or removed. Chainalysis's regional sales director for France, Francois Volpoet, warned that the levy could push investors toward DeFi, peer-to-peer trades and offshore exchanges, while Public Accounts Minister David Amiel questioned implementation and asked for the amendment to be withdrawn.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/19/2026 | 2,408.01 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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