Regulation· ★★★· bearish·

France's proposed 31.4% tax on regulated stablecoins could push traders offshore

  • —Proposed tax rate on regulated stablecoins is 31.4%
  • —Chainalysis France CEO warns traders may shift to offshore venues
  • —Unmonitored channels would weaken oversight of crypto activity
Why it matters: The levy could undermine France's MiCA-aligned stablecoin market and accelerate liquidity migration offshore.
Source: CoinDesk
More on this
Regulation · Oct 5
France: Binance exits, 31.4% flat tax, DAC8 and digital euro — the crypto calendar to 2027
 Regulation · Oct 8
France: LFI and Greens push to tighten exit tax to 15 years
 Regulation · Oct 10
France proposes exit tax on crypto holders moving abroad with €800K