France weighs taxing crypto-to-stablecoin conversions
- —Deblock, Lyzi and Waltio propose taxing crypto-to-stablecoin swaps
- —They would trade away portfolio-wide capital gains calculation
- —Adan says tax should only apply on conversion to euros
- —France's draft budget contains no crypto tax changes
Why it matters: If adopted, French holders would owe tax when moving BTC or ETH into stablecoins, hitting USDT and USDC turnover.
Source: Cryptoast