France advances 31.4% tax on crypto to stablecoin conversions
Image: AMBCryptoFrance's National Assembly has advanced an amendment to impose a 31.4% capital gains tax on crypto-to-stablecoin conversions. The proposal would make these swaps taxable events and concerns certain MiCA-regulated stablecoins. It passed a narrow vote but has not become law. The measure still faces the legislative process.
Key points
- France's National Assembly has advanced a proposal to make crypto-to-stablecoin conversions taxable.
- The amendment passed a narrow vote in the National Assembly.
Why it matters
The proposal would impose a 31.4% capital gains tax on crypto-to-stablecoin conversions in France. It has not become law, so the measure is not yet in effect.
What's unclear
Whether the amendment becomes law is unsettled, it has passed a narrow National Assembly vote but has not completed the legislative process.
Sources · 3 publishers
AMBCrypto
Tier 2
France advances crypto-to-stablecoin tax proposal by just one vote
Crypto Briefing
Tier 2
France advances 31% tax on crypto-to-stablecoin transactions
Coverage timeline
- First reported by Cointelegraph
- Also reported by AMBCrypto
- CryptoVideos brief published
- 1 more publisher added to sources
- Brief updated
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