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      French National Assembly Approves Stablecoin Exchange Tax Amendment

      The French National Assembly has approved an amendment to the stablecoin exchange tax during the review of the 2027 budget proposal. The amendment passed narrowly with 38 votes in favor and 37 votes against, indicating a closely contested decision among lawmakers.

      This new regulation aims to eliminate the tax deferral treatment currently enjoyed when converting certain cryptocurrency assets into a single fiat-pegged stablecoin. The changes are set to take effect on January 1, 2027.

      A total of 100 members of the assembly participated in the voting process, with 75 votes counted as valid. This legislative move reflects ongoing efforts by French authorities to regulate the cryptocurrency market more effectively.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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