# French cryptocurrency and stablecoin regulation > Live situation record from CLSTR: https://clstr.news/situations/french-cryptocurrency-and-stablecoin-regulation > Updated: 2026-10-26T21:55:07.000Z. Sources: 2. Developments: 2. France is pursuing divergent regulatory paths regarding digital assets. In the legislative sphere, the National Assembly has moved toward more stringent fiscal policies by proposing that the exchange of cryptocurrencies for stablecoins be treated as a taxable event. This would include a proposed tax rate of 31.4% on Bitcoin-to-stablecoin swaps and the rejection of amendments allowing for long-term capital loss carryovers. Simultaneously, a group of French financial authorities—including the Bank of France and the AMF—has proposed a more permissive regulatory framework for stablecoin rewards. This proposal seeks to allow regulated third-party rewards to bolster the competitiveness of euro-denominated stablecoins against dollar-backed alternatives. This stance contrasts with the European Central Bank’s preference for a broader ban on such mechanisms to protect traditional bank deposits. ## Timeline ### 2026-10-26: France proposes regulated stablecoin rewards to boost euro competitiveness French financial authorities urge the EU to allow regulated third-party stablecoin rewards to help euro-denominated tokens compete with dollar-backed assets, opposing the ECB's push for a total ban. 2 sources. https://clstr.news/cluster/france-proposes-regulated-stablecoin-rewards-to-boost-euro-competitiveness ### 2026-10-16: France proposes new taxes on cryptocurrency-to-stablecoin exchanges France is considering major tax changes for crypto investors, including taxing conversions between Bitcoin and stablecoins and rejecting the carryover of capital losses. 7 sources. https://clstr.news/cluster/france-proposes-new-taxes-on-cryptocurrency-to-stablecoin-exchanges --- Cite as: French cryptocurrency and stablecoin regulation. CLSTR, https://clstr.news/situations/french-cryptocurrency-and-stablecoin-regulation