🚨 🇫🇷 France moves to impose a 31.4% tax on the conversion of cryptocurrencies into stablecoins!
French lawmakers have approved a proposal to levy a flat 31.4% tax on gains resulting from the conversion of cryptocurrencies into stablecoins, effective from 2027.
Under this measure, conversions into stablecoins—specifically those subject to the "MiCA" (Markets in Crypto-Assets) regulation—will be classified as taxable events. Currently, tax liability is deferred until the assets are converted into traditional (fiat) currency.
For example, if you purchase Bitcoin for €30,000 and later exchange it for stablecoins worth €70,000, you would incur a tax of approximately €12,560, calculated based on the €40,000 profit realized.
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$SOL
French lawmakers have approved a proposal to levy a flat 31.4% tax on gains resulting from the conversion of cryptocurrencies into stablecoins, effective from 2027.
Under this measure, conversions into stablecoins—specifically those subject to the "MiCA" (Markets in Crypto-Assets) regulation—will be classified as taxable events. Currently, tax liability is deferred until the assets are converted into traditional (fiat) currency.
For example, if you purchase Bitcoin for €30,000 and later exchange it for stablecoins worth €70,000, you would incur a tax of approximately €12,560, calculated based on the €40,000 profit realized.
$USDC
$USDT
$SOL