🇫🇷 France just passed a brutal crypto tax vote
National Assembly voted 38-37 to tax crypto-to-stablecoin swaps at 31.4% starting Jan 2027
Yes, you read that right. Swap $BTC to $USDT? Taxable event. Even if you never touch fiat.
This isn't law yet—needs more approval. But if it goes through, French degens are cooked.
Tax-loss harvesting into stables? Dead. Rotating between alts via stables? Taxed. Every. Single. Time.
Watch capital flight if this passes. DeFi doesn't care about borders, but your wallet will.
National Assembly voted 38-37 to tax crypto-to-stablecoin swaps at 31.4% starting Jan 2027
Yes, you read that right. Swap $BTC to $USDT? Taxable event. Even if you never touch fiat.
This isn't law yet—needs more approval. But if it goes through, French degens are cooked.
Tax-loss harvesting into stables? Dead. Rotating between alts via stables? Taxed. Every. Single. Time.
Watch capital flight if this passes. DeFi doesn't care about borders, but your wallet will.