France pushes budget vote on stablecoin swap tax to November 3

France’s plan to tax crypto-to-stablecoin swaps has a new date on the calendar. According to The Defiant, the budget vote tied to the measure has been moved to November 3. The proposal would end tax deferral on gains from swaps into single-currency stablecoins starting in January 2027. It is not law yet, and it still has to clear further parliamentary votes. What the amendment actually does The measure is known as amendment I-3898 to France’s 2027 budget. On October 16, 2026, the French National Assembly approved it by the narrowest possible margin: 38 votes to 37. Another 25 deputies abstained. Out of 577 deputies in total, only approximately 100 took part in the key vote. The amendment targets swaps into electronic money tokens, a category defined under the EU’s Markets in Crypto-Assets regulation, better known as MiCA. Electronic money tokens are stablecoins pegged to a single official currency. Notably, the text does not name any individual stablecoins. It applies to the whole MiCA-defined category, which means its reach covers every token that fits the electronic money definition. The 31.4% question If the measure is enacted, swaps into these tokens would count as taxable even...