- France’s lower house approved an amendment to impose a 31.4% capital gains tax on transactions that exchange cryptocurrencies for stablecoins.
- The amendment said that, starting January 1, 2027, tax deferral benefits would be eliminated for stablecoin conversions, meaning investors could owe capital gains tax even without cashing out.
- The industry said the move could push investors toward decentralized finance (DeFi) platforms or offshore exchanges.
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France’s lower house has approved an amendment that would impose a 31.4% capital gains tax on transactions that swap cryptocurrencies for stablecoins.
CoinDesk reported on October 20 that…
