When asked about the basis of this proposal, Patureaux and Meyer presented a point of view that resonates with their companies, which provide electronic payment solutions that support crypto and stablecoins. For Patureaux, this measure would simplify crypto payments for users and entice wider adoption of crypto payments at the merchant level.
“When paying in crypto, customers ask merchants a lot of questions about taxation. We find ourselves doing after-sales service for the merchant’s customer instead of making sales,” he told Cryptoast.
Meyer proposed abandoning taxation of crypto capital gains in exchange for crypto-to-stablecoin exchanges, while keeping the exemption on crypto-to-crypto transactions, shifting the tax calculation complexity to users and exchanges.
Morizot, who helms a tax software company, stressed that “the non-taxation of crypto/stablecoin transactions is a sword of Damocles.” The proposal would prompt a boom in the tax statements of individuals.
This would prompt higher tax collection from crypto holders alongside the implementation of DAC8, a crypto>expanded to more countries. Chainalysis estimates that over 90% of France’s crypto gains go undeclared, considering 2025 data.
Claire Balva, General Director of the Association for the Development of Digital Assets (ADAN), stressed that taxation can only happen at a fiat conversion level, as taxes can only be paid in euros, not in bitcoin or stablecoins.
For Balva, the implementation of such a measure would push users to make exchanges to stablecoins that are unregulated in the EU, like USDT. Nonetheless, Balva explained that this is still just a proposal and that no changes to the current tax regime are expected to be passed.