France unrest and political crisis weigh on crypto investors ahead of stablecoin tax vote
- —2,397 arrests and 997 injured officers after the Oct. 17 protests
- —OAT-Bund spread widened to 137.4 bp from 104 bp on Sept. 22
- —Amendment I-3898 imposes a 31.4% flat tax on crypto-to-stablecoin conversions from 2027
- —Qonto's Paris office was partly burned; Ledger is located two kilometers away
Why it matters: Political instability and tax risk raise the odds that crypto firms relocate from France to other EU states under MiCA.
Source: Journal du Coin