News note | France passes bill to impose 31.4% capital gains tax on Bitcoin-to-stablecoin conversions
According to CoinDesk, France narrowly passed a cryptocurrency tax amendment proposing a 31.4% capital gains tax on transactions converting crypto assets into stablecoins, starting in January 2027. However, the amendment still needs approval from the French Senate and must go through the budget reconciliation process before it can become law.
Related market data | $BTC 82,731.35, 24h +0.91%.
Key points to watch: the jurisdictions covered, the activities involved, and the implementation date.
#BTC
Not investment advice.
According to CoinDesk, France narrowly passed a cryptocurrency tax amendment proposing a 31.4% capital gains tax on transactions converting crypto assets into stablecoins, starting in January 2027. However, the amendment still needs approval from the French Senate and must go through the budget reconciliation process before it can become law.
Related market data | $BTC 82,731.35, 24h +0.91%.
Key points to watch: the jurisdictions covered, the activities involved, and the implementation date.
#BTC
Not investment advice.