France advances stablecoin tax plan and 10-year crypto loss relief - Crypto News

France is moving forward with two notable changes to how crypto is treated under its tax framework: a proposed tax plan targeting stablecoin transactions, and a provision allowing crypto losses to be carried forward for up to 10 years. Together, they signal a maturing approach to regulating digital assets rather than treating them as a temporary anomaly.

The stablecoin element matters because these tokens are often used as a settlement layer — a way to move value between trades or park funds without exiting to a bank. If transactions involving them become a taxable event, the practical cost of routine portfolio management could rise. The loss-relief measure works in the opposite direction, softening the sting of bad years by letting investors offset gains over a longer horizon.

For markets, the key question is how "transaction" is defined and whether stablecoin-to-stablecoin moves are captured. France's direction may also influence broader EU thinking, given the bloc's shared regulatory momentum. Watch for the final scope, effective dates, and whether other jurisdictions follow with similar carry-forward rules.