France Pushes Stablecoin Tax as Lawmakers Approve 10-Year Crypto Loss Offset - bloomingbit

French lawmakers have advanced two significant measures affecting crypto taxation, according to bloomingbit. The first is a proposed tax on stablecoin transactions, reflecting growing regulatory attention to digital assets that are pegged to traditional currencies. The second is an approved provision allowing crypto losses to be offset over a 10-year period.

The loss-offset rule is notable for its time horizon. Under standard tax treatment, capital losses can often only be carried forward for a limited number of years. Extending that window to a decade gives investors more flexibility to use losses against future gains, which could affect how portfolios are managed across market cycles.

The stablecoin tax proposal, meanwhile, signals that French authorities may treat stablecoin activity differently from other crypto transactions, potentially because of their closer link to fiat currencies. What to watch: how the stablecoin levy is defined and applied, whether it passes into final law, and how other EU jurisdictions respond. These details will shape compliance costs and reporting obligations for market participants.