France’s Proposed Stablecoin Tax Would Move the Tax Line to the Bitcoin-to-USDC Swap

By Isaac • October 12, 2026 11:09 am •

France is considering a crypto-tax change that would move the moment of recognition one step earlier for a familiar trade: selling Bitcoin for a dollar-linked stablecoin such as USDC.

The proposal matters because many investors treat that swap as a way to step out of volatility without fully cashing out. Under the committee-backed language, the move into a qualifying stablecoin could itself become the taxable event.

The French National Assembly’s official amendment record shows that amendment I-CF1826 was filed by lawmaker Nicolas Sansu on October 4 and adopted by the Finance Committee on October 7. It would change Article 150 VH bis so the existing deferral no longer applies when a crypto seller receives an electronic-money