Regulation· ★★★· bearish·

France proposes 31.4% tax on gains from crypto-to-stablecoin swaps

  • —The 31.4% rate applies to gains on the swap, not the full transaction value
  • —Swaps kept in digital assets without euro withdrawal could still be taxed
  • —Coverage targets MiCA e-money tokens such as USDC and EURC, excluding USDT
  • —The amendment was filed October 1 with the 2027 budget; parliament has not approved it
Why it matters: If passed, swapping crypto for stablecoins in France would become a taxable event, disrupting rebalancing and DeFi strategies for holders.
#USDC#EURC#USDT
Source: DiarioBitcoin
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