France: Parliament Approves 31.4% Crypto Swap Tax
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.
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France's parliament approved a 31.4% tax on swapping crypto into stablecoins, even when nothing is cashed out, according to a report shared by Ash Crypto. Michaël van de Poppe (@CryptoMichNL) called the law a joke and noted it exceeds the Netherlands' 36% unrealized gains tax.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast