French parliament approved a 31.4% tax on swapping crypto into stablecoins even without cashing out, a measure criticized by Michaël van de Poppe as worse than the Netherlands' unrealized gains tax.

France's National Assembly approved a 31% tax on profits from crypto to stablecoin trades starting in 2027, according to Bull Theory.

@BullTheoryio reported that France has proposed a 31.4% tax on swapping cryptocurrency into stablecoins, applying even when no fiat cash-out occurs, such as turning $20,000 Bitcoin gains into stablecoins after a $10,000 purchase.