Regulation· ★★★· neutral·

French Executives Propose Taxing Crypto-to-Stablecoin Conversions

  • —Meyer, Patureaux and Morizot proposed taxing crypto-to-stablecoin conversions
  • —Such conversions currently trigger no taxable event in France
  • —Chainalysis: over 90% of France's crypto gains go undeclared
  • —ADAN: tax can only apply at fiat conversion; no changes adopted yet
Why it matters: If adopted, the measure would reshape the tax burden on French crypto holders and could push users toward unregulated stablecoins like USDT.
#BTC#USDT
Source: Bitcoin.com
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