Your Weekly Crypto Roundup: France Moves to Tax Crypto-to-Stablecoin Swaps, and the Margin Was One Vote

By a paper-thin margin of just 38 to 37 votes, France’s National Assembly voted on October 16 to move forward with a proposal that could hit crypto-to-stablecoin swaps with a 31.4% capital gains tax starting in January 2027. In a chamber with 577 seats, only 100 people showed up to vote, and 25 members abstained from voting. If the proposal clears its remaining hurdles, converting cryptocurrency into a MiCA-classified stablecoin will trigger a 31.4% capital gains tax from January 1, 2027. That rate breaks down as 12.8% income tax and 18.6% social charges.

Source: DeFi Planet