🚨 France eyeing a 31.4% tax on crypto-to-stablecoin swaps
Yeah, you read that right. Swapping your $BTC or $ETH into $USDT or $USDC could get hit with a third of your stack gone.
This is the kind of regulatory overreach that kills retail liquidity and pushes capital offshore. If this passes, French degens will be routing through offshore exchanges or just holding volatility longer than they want.
Europe already has MiCA breathing down everyone's neck. Now France wants to tax the most basic risk-off move in crypto?
Watch how this plays out. Could set a precedent for other EU nations. Not bullish for European on-ramps.
Yeah, you read that right. Swapping your $BTC or $ETH into $USDT or $USDC could get hit with a third of your stack gone.
This is the kind of regulatory overreach that kills retail liquidity and pushes capital offshore. If this passes, French degens will be routing through offshore exchanges or just holding volatility longer than they want.
Europe already has MiCA breathing down everyone's neck. Now France wants to tax the most basic risk-off move in crypto?
Watch how this plays out. Could set a precedent for other EU nations. Not bullish for European on-ramps.