France Crypto Tax: Stablecoin Swaps at 31.4% from 2027
French parliament passed a measure to tax crypto-to-stablecoin swaps at 31.4% starting 2027, in a razor-thin 38–37 vote with only 100 of 577 lawmakers present.
What we know
Cointelegraph reports that French MPs voted 38 to 37 to impose a 31.4% tax on crypto-to-stablecoin conversions from 2027, noting a strikingly low turnout of under 100 lawmakers. This is notable given the BIS finding — flagged in the crypto trading feed — that stablecoins directly compete with traditional bank deposits, suggesting regulatory pressure on stablecoins is building across multiple fronts simultaneously.
Sources
“French MPs voted 38 to 37 to tax crypto-to-stablecoin swaps at 31.4% from 2027”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.