Crypto Regulation Tightening: France, Australia, and NYC DA
France is eyeing a 31.4% tax on crypto-to-stablecoin conversions from 2027; Australia's ASIC is finalizing digital asset licensing standards; and New York's DA dismantled a massive crypto fraud ring targeting Russian speakers.
What we know
An account on X flagged a French budget amendment that would tax crypto-to-stablecoin conversions at 31.4% from January 2027, calling it "the end of European stablecoins." Meanwhile, @TheBlockCo reported Australia's ASIC is seeking feedback on comprehensive digital asset laws — covering holding, trading, settlement, and licensing — ahead of an April 2027 rollout, with 140+ license applications already filed. On the enforcement front, @TheBlockCo covered Brooklyn DA Eric Gonzalez dismantling 241 scam domains and 112 servers in a crypto fraud targeting Russian-speaking victims.
Sources
“Australia's ASIC is seeking feedback on standards for new digital asset laws ahead of April 2027 rollout”
View post →“Brooklyn DA dismantled 241 scam domains and 112 servers in a crypto fraud stealing tens of millions”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.