🚨 FRANCE MAY START TAXING STABLECOIN SWAPS
Right now, French investors can move between coins and park profits in stablecoins without triggering tax.
That could change.
If the proposal passes, swapping into stablecoins would be treated like cashing out.
That means:
• Parking profits during volatility → taxable
• Rotating through stablecoin pairs → taxable
• Using stablecoins in DeFi → more tax risk
They also rejected carrying crypto losses forward for 10 years.
So more taxable events… and less ability to offset them.
Question for traders:
If this becomes law, do you think French users will just accept it…
or move more of their activity offshore?
$OSMO $BR
#defi
Right now, French investors can move between coins and park profits in stablecoins without triggering tax.
That could change.
If the proposal passes, swapping into stablecoins would be treated like cashing out.
That means:
• Parking profits during volatility → taxable
• Rotating through stablecoin pairs → taxable
• Using stablecoins in DeFi → more tax risk
They also rejected carrying crypto losses forward for 10 years.
So more taxable events… and less ability to offset them.
Question for traders:
If this becomes law, do you think French users will just accept it…
or move more of their activity offshore?
$OSMO $BR
#defi