- France’s lower house adopted an amendment to tax gains generated when crypto assets are converted into stablecoins pegged to fiat currencies.
- France will introduce a crypto exit tax to tax unrealized gains on crypto assets when eligible taxpayers move their tax residence abroad.
- Under the adopted amendment, France will expand the scope of loss deductions on crypto trades, allowing unused losses to be offset against gains from the same type of asset over the next 10 years.
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France’s lower house is moving to broaden the scope of crypto asset taxation.
On Oct. 8, the Finance Committee of the National Assembly reviewed crypto-related amendments…
