France to impose 31% capital gains tax on stablecoin trades from 2027

France’s parliament has approved a measure to impose a 31.4% capital gains tax on crypto-to-stablecoin trades, set to take effect in January 2027. This decision aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, impacting electronic-money tokens in such swaps. The move is part of a broader trend in Europe to regulate the rapidly growing cryptocurrency market. Market participants are now assessing how this policy might affect the crypto landscape, especially as it introduces a significant tax burden on a key area of digital asset activity.

Source: Crypto Briefing