The examination of the 2027 finance bill marks a turning point for cryptocurrency taxation in France. Amendment I-3898, adopted by the National Assembly, extends capital gains tax to conversions between cryptocurrencies and stablecoins, making arbitrage and stablecoin treasury management fiscally costly. Amendment No. 3653 proposing a 10-year loss carryforward, submitted by Gabriel Attal, was rejected with 75 votes against and 18 in favor, maintaining an unfavorable asymmetry between crypto-asset taxation and traditional securities taxation. The potential obligation to declare personal wallets exceeding 100,000 euros raises concerns about investor security amid a context of targeted kidnappings and attacks. These three measures create a significantly more restrictive framework, exposing French investors to more taxable events without any equitable compensation mechanism.
Source: Read the original article
