France Approves 31.4% Tax on Crypto-to-Stablecoin Swaps Starting 2027
Photo: DeFi Planet
France’s National Assembly passed Amendment I-3898 by a narrow vote of 38 to 37. If the legislation takes effect on January 1, 2027, traders could face a 31.4% capital gains tax when they sell cryptocurrency for stablecoins. Previously, converting crypto into a digital dollar was entirely tax-free in the country, with investors paying tax only when they cashed out into physical euros. BREAKING: FRANCE’S PARLIAMENT JUST ADVANCED A 31.4% CAPITAL GAINS TAX ON $XRP AND CRYPTO SWAPS TO STABLECOINS ONE OF EUROPE’S HIGHEST CRYPTO TAXES THEY WANT TO TAX EVERY CONVERSION EVEN IF YOU NEVER SELL TO FIAT THIS IS…
Source: DeFi Planet
