France advances stablecoin tax and crypto exit levy, key decision set for Oct. 20

France’s National Assembly Finance Committee has adopted several amendments targeting the taxation of crypto asset holders, specifically focusing on swaps into MiCA-regulated stablecoins and extending exit taxes to high-value crypto portfolios. These initiatives form part of the committee’s ongoing review of the national budget but still face significant legislative hurdles before becoming law. One of the major changes proposed would treat conversions of cryptocurrencies into stablecoins—tokens linked to official currencies like the euro or US dollar—as taxable transactions.

Source: CoinTurk News