Exchanging one crypto-asset for another in France

You may need to pay Capital Gains Tax if you make a gain when you ‘dispose’ of cryptoasset tokens (also known as cryptocurrency) by: selling them exchanging them for a different type of cryptoasset

Q16. Will I recognize a gain or loss if I exchange my virtual currency for other property? A16. Yes. If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss. For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets .

the transfer of the acquired asset to a third party for valuable consideration constitutes a sale. An exchange of crypto-assets for units of a government-issued currency (such as euros), for goods or services or for other crypto-assets is therefore a sale.

circumstances. The sale, transfer, or redemption of crypto-assets is most likely to be a disposal for CGT purposes unless, based on the facts and circumstances, there is a trade of dealing in crypto-assets being carried on.

De handel in crypto's kunt u vergelijken met de handel in gewone valuta zoals de Japanse Yen of de Amerikaanse dollar. U bent aan het beleggen en u speculeert op koerswinst. U hoeft dan de opbrengst van de handel niet aan te geven. Dat is anders als u met extra arbeid, dus bovenop uw beleggingsactiviteiten, vaak extra inkomsten verdient. In dat geval moet u de inkomsten wél aangeven. Geeft u deze inkomsten aan als inkomsten uit overig werk of als winst uit onderneming .

23(*) - Quando não se aplique o disposto no número anterior e a contraprestação das alienações previstas na alínea k) do n.º 1, incluindo as relativas a criptoativos recebidos nos termos do disposto no n.º 11 do artigo 5.º, assuma a forma de criptoativos, não há lugar a tributação, atribuindo-se aos criptoativos recebidos o valor de aquisição dos criptoativos entregues, determinado nos termos deste Código. ( *)​(anterior nº20​​​​​​​​)​​- Redação do Decreto-Lei​ n.º 97/2026, de 20 de maio)​​ ​

Profits or losses derived from the buying and selling of shares or other financial instruments (including digital tokens) are generally viewed as personal investments.

Das Kaufen und Verkaufen von Zahlungs-Token ist steuerlich den Transaktionen mit herkömmlichen Zahlungsmitteln (Währungen) gleichzustellen. Die aus solchen Transaktionen resultierenden Gewinne und Verluste stellen bei natürlichen Personen im Privatvermögen grundsätzlich steuerfreie Kapitalgewinne oder nicht abzugsfähige Kapitalverluste dar 6 . Je nach Art, Umfang und Finanzierung der Transaktionen liegt keine private Vermögensverwaltung, sondern selbständige Erwerbstätigkeit vor. Im zweiten Fall gelten die Kapitalgewinne aus der Veräusserung von Zahlungs-Token als gewerbsmässig und unterliegen der Einkommenssteuer 7 . Verluste sind steuerlich abzugsfähig, wenn sie verbucht worden sind.

In most cases, the amounts you get from selling, trading or exchanging cryptoassets are taxable (this includes when you exchange one type of cryptoasset for another).

暗号資産取引により生じた利益は、所得税の課税対象になり、原則として雑所得（その他雑 所得）に区分されます。