France’s National Assembly has approved an amendment that would tax profits when investors exchange cryptocurrencies for certain stablecoins classified as electronic money under MiCA.
Under the proposal, converting $BTC into one of these stablecoins after its price has increased could trigger a 31.4% tax on the profit, even if the funds never reach a bank account.
The measure could take effect on January 1, 2027, if it receives final approval.
$BTC #Macro Insights#
Under the proposal, converting $BTC into one of these stablecoins after its price has increased could trigger a 31.4% tax on the profit, even if the funds never reach a bank account.
The measure could take effect on January 1, 2027, if it receives final approval.
$BTC #Macro Insights#