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

French lawmakers have advanced two distinct measures that could reshape how crypto is treated under national tax law. According to bloomingbit, legislators approved a ten-year carryforward period for crypto losses, allowing investors to offset prior losses against future gains over a longer horizon. Separately, France is pushing for a tax framework targeting stablecoins, reflecting growing regulatory attention on tokens pegged to traditional currencies.

The loss-offset provision matters because crypto tax treatment has often been less generous than that of conventional assets, where losses can typically be carried forward for extended periods. A ten-year window would give investors more flexibility in managing taxable events across market cycles, rather than forcing them to absorb losses within a shorter timeframe.

The stablecoin tax push signals that French policymakers view these instruments as a distinct category warranting their own rules, rather than treating them like other digital assets. What to watch: how the stablecoin measure is ultimately defined and implemented, whether the loss-offset rules take effect as approved, and how other EU jurisdictions respond. These details will determine the practical impact on holders and service providers operating in France.