French Lawmakers Approve Crypto-to-Stablecoin Tax by Narrow Margin
An amendment to tax crypto-to-stablecoin swaps in France passed by a single vote but still faces further legislative hurdles.
An amendment to tax crypto-to-stablecoin swaps in France passed by a single vote but still faces further legislative hurdles. JUST (JST) is trading at ₹13.24 ($0.1393), down 0.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (Unchained, Decrypt), plus live market data, as of Tue, 20 Oct 2026 15:45:01 UTC.
This development signals a potential shift in France's crypto tax policy, which could impact trading behavior and market dynamics for stablecoins. The narrow margin of approval also highlights regulatory uncertainty in the crypto space.
- Crypto-to-stablecoin swaps could be taxed in France from 2027
- Amendment passed National Assembly by 38-37 vote
- Full implementation depends on remaining budget process
- Market cap of major stablecoin JUST (JST) is $1.12B
Both Unchained and Decrypt report that the French National Assembly approved an amendment to tax crypto-to-stablecoin swaps by a 38-37 vote on October 16th. The amendment would implement the tax starting in 2027, with gains calculated on a coin-by-coin basis according to Decrypt. However, Unchained emphasizes that the amendment must still survive the rest of the budget process before becoming law, suggesting potential uncertainty.
- French Parliament Approves Narrow Stablecoin Tax Amendment
- French Lawmakers Approve Crypto-to-Stablecoin Tax by Narrow Margin — this brief
On October 16th, the French National Assembly narrowly approved an amendment to tax crypto-to-stablecoin swaps by a vote of 38 to 37. The amendment is part of the 2027 budget bill and would impose taxes on gains from swapping cryptocurrencies into euro or dollar stablecoins.
According to Decrypt, the tax would be calculated on a coin-by-coin basis, indicating a detailed approach to tracking crypto transactions. However, the amendment's passage through the National Assembly is just one step in the legislative process.
Unchained notes that the amendment must still clear the rest of the budget process before becoming law, suggesting potential for further debate or revision. This narrow vote and the remaining legislative hurdles highlight the contentious nature of crypto regulation in France.
The development comes amid a period of regulatory uncertainty for cryptocurrencies globally, with various countries considering different approaches to taxation and oversight. The French proposal could influence other nations' policies on crypto taxation.
In the current market context, the total crypto market cap stands at $2.85 trillion, with 
Bitcoin up 1.02% in the last 24 hours. The Fear & Greed index is at 55, indicating a 'Greed' sentiment. The stablecoin 
JUST (JST) has a market cap of $1.12 billion, with a 24-hour price change of -0.03%.
Since this brief published about 2 hours ago, JUST (JST) has moved from ₹13.29$0.1399 to ₹13.24$0.1393 — -0.41%.
The chart plots JST's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 JST ≈ ₹14.52 (about $0.1393), down 0.6% over 24 hours. The rupee itself trades about 9.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
French Lawmakers Approve Crypto-to-Stablecoin Tax by Narrow — questions & answers
When would the crypto-to-stablecoin tax take effect?
The tax would be implemented in 2027 if the amendment passes the rest of the budget process.
How was the amendment approved?
The amendment passed the National Assembly by a 38-37 vote.
What is the market cap of JUST (JST) stablecoin?
JUST (JST) has a market cap of $1.12 billion.
How much is 1 JUST worth in rupee today?
About ₹14.52 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1393. The rupee price moves with both JST's US-dollar price and the USDT/INR rate; use our JUST in rupee page for any amount.
Has JUST's price moved since this brief was published?
JST is down 0.41% since this brief first published — trading at ₹13.24 ($0.1393) now versus ₹13.29 ($0.1399) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained, Decrypt, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.