News · CoinDesk

Proposed French tax on regulated stablecoins could drive crypto traders offshore

France is considering a 31.4% capital gains tax on swaps from cryptocurrencies into EU MiCA-regulated stablecoins, starting January 1, 2027. Chainalysis France CEO Francois Volpoet warned this could push traders toward unmonitored offshore stablecoins, and argued regulated stablecoin transactions are easier to monitor than DeFi or self-hosted wallets. Other amendments would require disclosure of self-hosted wallets holding at least €100,000, extend the exit tax to holdings worth roughly $900,000, and allow crypto losses to be carried forward for 10 years. None of the measures is law yet: the finance committee rejected the revenue section of the 2027 budget, so the amendments must return to the full National Assembly, with a vote scheduled for October 20. Greece, by contrast, is preparing a 10% capital gains tax on crypto.

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Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/13/202683,169.00
Change that session+1.61%
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ETH/USDT

▼ Likely negative

Ethereum

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$294.2B
Close on 10/13/20262,497.95
Change that session+2.08%
ETH/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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