š«š· France just passed a brutal crypto tax proposal by ONE vote (38-37)
Starting Jan 1 2027: swapping crypto ā stablecoins = taxable event
No more tax deferral. You'll owe capital gains tax BEFORE cashing out to fiat
This isn't law yet but if it passes?
EU degens rotating into $USDT/$USDC to preserve gains will get wrecked by tax bills they can't defer
France speedrunning how to kill local crypto liquidity
Starting Jan 1 2027: swapping crypto ā stablecoins = taxable event
No more tax deferral. You'll owe capital gains tax BEFORE cashing out to fiat
This isn't law yet but if it passes?
EU degens rotating into $USDT/$USDC to preserve gains will get wrecked by tax bills they can't defer
France speedrunning how to kill local crypto liquidity