SI Crypto News

France is considering a significant change to its cryptocurrency tax rules. The National Assembly approved an amendment by a narrow vote of 38 to 37, proposing to tax gains made when investors exchange cryptocurrencies for stablecoins. If the measure becomes law, it could take effect on January 1, 2027.
Under the existing approach, French investors can generally defer taxation when swapping one crypto asset for another, including certain stablecoins, until they sell their holdings for euros or spend them. The proposed amendment would change that treatment for swaps into qualifying electronic money tokens, including stablecoins such as USDC.
France currently applies a 31.4% flat tax to relevant crypto gains. If the proposal becomes law, investors could face a tax bill even when they move their holdings into a stablecoin rather than cashing out into euros.
Why Does This Matter?
Stablecoins are widely used by crypto traders who want to reduce exposure to market volatility without leaving the crypto ecosystem entirely. For example, an investor might sell Bitcoin for USDC during a market downturn while waiting for a better opportunity to buy back in.
Under the proposed rules, that move could trigger a taxable gain. Investors may therefore need to consider potential taxes before making trades, rather than focusing only on price movements.
The amendment also proposes changes to how acquisition costs are calculated when determining taxable gains. This could affect how some investors work out their tax liabilities.
Is the Proposal Final?
Not yet. The amendment passed an initial vote, but the wider budget process remains unfinished. Its final status and implementation details will depend on the remaining legislative process.
For now, crypto investors should treat this as a proposed policy change, not a fully enacted law.
The key takeaway: Crypto tax rules can influence trading decisions just as much as market conditions. Investors in France should follow the legislative process closely and seek professional tax advice before making decisions based on the proposed changes.
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An interesting picture related to crypto in the UK has been revealed for the first time through official statistics. According to the UK tax authority HMRC, a very large share of the big profits made from crypto in the country is held by only a few people.
In the 2024-25 tax year, around 17,600 people reported the sale or disposal of crypto assets. Of these, only 240 individuals reported a profit of more than one million pounds. The total profit of these 240 individuals was approximately £717 million.

Pakistan has taken a step in the crypto and digital assets sector that has drawn attention both domestically and globally. According to Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, Pakistan developed and put into practice its new crypto regulatory framework in less than six months, using only 8% of the budget approved for this purpose.

The traditional U.S. banking sector no longer views blockchain technology as just an experiment. According to recent developments, 39 state banking associations have come together to form the BankChain Alliance, representing roughly 3,283 U.S. banks. The combined assets of these banks are reported to be approximately $21.8 trillion.

In the world of crypto, where new technologies and investment opportunities are emerging every day, fraud incidents are also posing a major risk for investors. A recent case coming out of the United States serves as a reminder of this danger.
A federal jury has found Las Vegas businessman Brent C. Cowar guilty of defrauding approximately 24 million dollars from at least 400 investors through a crypto investment scheme.

In the crypto market, sometimes news emerges that isn’t only related to crypto, but also involves gaming, social media, and internet culture. CYBERLEEK’s recent story is also something like that.
Linked to alleged GTA VI leaks, this Solana-based meme coin showed an extraordinary surge in a very short time. According to the report, in just 24 hours CYBERLEEK’s price rose by almost 35%, while over the past seven days its increase reached nearly 40,000%.

South Korea is once again rapidly advancing in the field of digital finance. The country has made progress on a program under which nearly 3,500 companies and professional investors will be able to enter the crypto market under specific conditions.
This change is important because for several years in South Korea, local companies had not been able to directly buy and sell virtual assets through crypto exchanges. The real issue was related to banks’ real-name accounts, which made it almost impossible for companies to enter the crypto market.

Pakistan is considering the use of Stablecoins for Remittances—that is, the transfer of funds coming from abroad. The aim is not only to promote Crypto, but also to make money transfers cheaper, faster, and more transparent.
According to the Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, Pakistan receives approximately $4 billion in Remittances every year.

Social media platform X is considering a major change to its payments system for creators. According to reports, X is discussing using stablecoins—especially USDC—to pay content creators royalties and rewards.
If this plan becomes real, the way creators receive payments could change quite a lot. Since stablecoins are tied to the U.S. dollar, they try to remain more stable in value than most other cryptocurrencies. That’s why they’re being used for faster and lower-cost payments.

Sometimes in the crypto market, just a few seconds can change the entire story. This time, something similar happened with an experienced short-seller who first made a profit of around $49 million in the crypto market, but a short position in Ethereum wiped out the bulk of his gains in just 12 seconds.
The wallet on Hyperliquid named “pension-usdt.eth” had been shorting Ethereum for almost two months. Its position was about 50,000 ETH. During this time, the trader made several successful short trades in the market and earned a significant profit.

The U.S. crypto market is back in the news. President Donald Trump urged the Senate to pass the Crypto CLARITY Act. On this occasion, Trump also hinted that if regulators provide suitable proposals, the U.S. government may consider buying more Bitcoin in the future.
After meeting with key figures associated with the crypto industry in the White House, Trump said that the United States needs clear regulations to maintain its edge in the fields of Bitcoin, crypto, and new technology. According to him, the CLARITY Act could help keep the U.S. ahead of China and other countries.