The French National Assembly advanced Amendment I-3898, which would tax gains when converting cryptocurrencies like Bitcoin into stablecoins, even without converting to fiat currency. The tax calculation would be based on acquisition cost and weighted average purchase price. A proposal to carry forward cryptocurrency losses for ten years was rejected by 75 votes to 18. Two other amendments under consideration for the 2027 Finance Bill include extending the exit tax to unrealized gains for taxpayers holding over 800,000 euros in cryptocurrency, and requiring declaration of self-custodial wallets exceeding 100,000 euros.
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