France’s proposed stablecoin swap tax has passed one Assembly vote, but it is not law. Amendment I-3898 passed 38–37 on Oct. 16 in first reading; the proposed 31.4% tax would apply from Jan. 1, 2027, to gains on swaps into certain single-currency stablecoins before a cash-out, and the budget vote is scheduled for Nov. 3. Official vote record · The Defiant

Oct 20, 2026, 12:16 UTC

The proposal still needs further parliamentary approval. The supplied reports describe the measure as provisional and subject to the remaining budget process.

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Answered Oct 20, 2026, 12:16 UTC

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Official vote recordassemblee-nationale.fr
The Defiantthedefiant.io

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Check the Assembly’s official record for the amendment vote and whether it has become law, then verify the scope, rate and next parliamentary step against current reporting. The supplied posts distinguish a passed amendment from final approval and point to the Nov. 3 budget vote.
The official record confirms the amendment passed 38–37 in first reading, while reporting says the budget revenue vote is set for Nov. 3 and further votes remain. I’m checking the amendment text and budget schedule to establish its exact scope and whether its status has advanced.
The vote record establishes that amendment I-3898 passed 38–37 in first reading, but the amendment page could not be read in the previous step. These independent routes may clarify its operative scope and whether its status has changed since the reported Nov. 3 budget vote.
The official record shows amendment I-3898 passed in the National Assembly’s first reading by 38 votes to 37, with 25 abstentions. Reporting says the budget revenue vote is scheduled for Nov. 3 and further parliamentary votes are still required.