France’s National Assembly Finance Committee has approved proposals that could make certain stablecoin conversions taxable from 2027 and extend the country’s exit tax to unrealized cryptocurrency gains for some households.
Stablecoin conversions could become taxable
Amendment I-CF1826, submitted by French MP Nicolas Sansu and adopted by the committee on Wednesday, would treat conversions of cryptoassets into fiat-pegged stablecoins as taxable events beginning Jan. 1, 2027. According to Cointelegraph, the amendment’s explanatory text characterizes the existing treatment as a gap in France’s tax legislation.
Under the proposal, taxable gains would be determined from the acquisition cost of the assets sold or exchanged. Where an investor acquired units of the same token at different prices, the calculation would use a weighted average cost.
The change could mean that an investor faces a capital-gains tax liability without converting holdings into euros or another traditional currency. A stablecoin is a cryptocurrency designed to track the value of an underlying asset, commonly a fiat currency such as the euro or US dollar.
The committee’s approval is not the final step. France’s full National Assembly is scheduled to start examining the 2027 Finance Bill on Tuesday, Oct. 13. The proposed measure would need to be enacted before becoming law.
Losses and overseas moves included in proposals
Lawmakers also adopted an amendment from MP Daniel Labaronne on Wednesday. It would allow realized cryptocurrency losses to be carried forward for 10 years.
A separate exit-tax amendment adopted Thursday would apply to unrealized crypto gains when taxpayers move their residence abroad, provided their household’s crypto holdings are worth more than 800,000 euros, or about $895,000.
The proposal concerns gains that exist on paper but have not yet been realized through a sale. It would therefore extend the reach of France’s existing exit-tax approach to a defined group of crypto investors transferring their residence outside the country.
European tax rules take different forms
France’s approach differs from a draft measure published by Greece’s Ministry of National Economy and Finance on Wednesday. Greece proposed a 10% tax on individuals’ cryptocurrency capital gains, while exempting annual gains of up to 500 euros, or about $560. The Greek draft would not tax crypto-to-crypto exchanges.
Both developments come as European Union countries implement the bloc’s eighth Directive on Administrative Cooperation, known as DAC8. The rules require crypto service providers to collect customer identities and transaction information and report it to national tax authorities. Those authorities can then exchange the information with counterparts in other EU member states.
The crypto reporting provisions began applying on Jan. 1, 2026. The first exchanges of information covering transactions made during 2026 are due by September 2027.
Current market picture
Moneyiar data at the stated times show the following prices and performance:
- Stable (STABLE): $0.0254257335, down 3.02% over 24 hours and 10.02% over seven days, as of Oct. 9, 2026, at 11:04 a.m. +03:30.
- AKEDO (AKE): $0.02715515, down 7.29% over 24 hours and 16.77% over seven days, as of Oct. 9, 2026, at 11:04 a.m. +03:30.
- RealLink (REAL): $0.0100747766, down 86.56% over 24 hours and 86.35% over seven days, as of Sept. 15, 2026, at 7:04 a.m. +03:30.
- Billions Network (BILL): $0.0139971939, down 0.59% over 24 hours and up 10.04% over seven days, as of Sept. 21, 2026, at 1:39 a.m. +03:30.
