Update
French Lawmakers Approve Amendment to Tax Stablecoin Conversions
French lawmakers have approved an amendment to the 2027 budget by a margin of 38 to 37, changing how gains are taxed when cryptocurrencies are converted into stablecoins. The proposal, which is not yet final law, would make the conversion of Bitcoin into a stablecoin a taxable event for French crypto investors. The National Assembly's vote on Amendment No. 3898, introduced by Nicolas Sansu, aims to remove the existing tax deferral on crypto-to-stablecoin conversions, complicating the use of stablecoins as a temporary place to park gains.