Global Stock News

France Pushes Stablecoin Tax as Lawmakers Approve 10-Year Crypto Loss Offset

France Pushes Stablecoin Tax as Lawmakers Approve 10-Year Crypto Loss Offset

  • 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.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator

Photo: Shutterstock
Photo: Shutterstock

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…

Source link

Share this article

Scroll to Top