French lawmakers narrowly approved an amendment to the 2027 budget by 38 votes to 37 with 25 abstentions. This amendment, No. 3898, introduced by Nicolas Sansu, would remove the existing tax deferral on conversions from cryptoassets to stablecoins. Stablecoins are cryptoassets designed to track the value of fiat currencies such as the euro or dollar. The proposal is not yet law: the budget process still has parliamentary stages to clear and the wording could change before the legislation takes effect.
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