Add as a preferred source on GoogleFrance Advances Proposed 31.4% Tax on Crypto-to-Stablecoin Gains
The proposed tax would apply to transactions starting Jan. 1, 2027, if the amendment survives Senate review and budget reconciliation.
France advanced a proposal to tax gains on crypto-to-stablecoin swaps at 31.4%, bringing the measure closer to law.
The proposal would tax gains when crypto assets are exchanged for stablecoins.
The 31.4% rate would apply to the gain, not the full value exchanged.
A qualifying swap from an asset such as Bitcoin (BTC) into a stablecoin could therefore trigger tax even if the investor does not convert the stablecoin into government-issued currency.
The proposed changes would apply to transactions starting Jan. 1, 2027, if the amendment survives Senate review and budget reconciliation.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.