The French National Assembly's Finance Committee passed an amendment on October 7 proposing that swap transactions converting crypto assets like Bitcoin or Ethereum into e-money tokens (such as USDC) as defined by the EU's Markets in Crypto-Assets (MiCA) regulation be considered taxable dispositions, even if the investor has not yet cashed out. If approved, this provision would take effect on January 1, 2027, and would change the acquisition cost basis used to calculate gains.