According to Cointelegraph, France's National Assembly approved Amendment I-3898 on Friday (Oct. 16), advancing a crypto-to-stablecoin tax proposal with 38 votes in favor, 37 against, and 25 abstentions. The measure, originally introduced by French MP Nicolas Sansu on Oct. 7, would make conversions of Bitcoin and other cryptocurrencies into stablecoins taxable events starting in 2027, using the weighted average purchasing price to calculate capital gains.

The Assembly is scheduled to vote on the 2027 Finance Bill on Tuesday. Other pending crypto amendments include extending France's exit tax to cover unrealized gains for residents with crypto portfolios exceeding €800,000 transferring abroad, and requiring disclosure of self-custodial wallet holdings above €100,000.

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