France’s Stablecoin Swap Tax Faces Oct. 20 Budget Vote
Key Highlights: The French National Assembly has approved a tax amendment targeting stablecoin conversions, moving to eliminate the tax deferral currently applied to crypto-to-crypto transactions. Under the proposed rules, shifting from crypto assets into e-money tokens pegged to an official currency would immediately crystallize capital gains, subjecting investors to taxation before off-ramping to fiat. The ...