- France’s lower house passed an amendment that would tax investment gains when virtual assets are converted into stablecoins.
- If the amendment takes effect, investment gains from converting crypto assets including Bitcoin into stablecoins would be taxed at a 31.4% flat rate.
- The amendment is scheduled to take effect on Jan. 1 next year, but it still faces Senate review and follow-up legislative procedures.
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31.4% tax on capital gains even without cashing out
Government opposes measure; Senate and further legislative review remain
France’s lower house has approved a measure that would tax investment gains when crypto assets are converted into…
