France: Proposes 31.4% Tax on Crypto-to-Stablecoin Swaps
@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.
SourceAnalysis
France has proposed a 31.4% tax on swapping crypto into stablecoins, even when nothing is cashed out, according to @BullTheoryio. An investor who buys $10,000 of Bitcoin that rises to $20,000 would owe $3,140 in tax upon the swap to stablecoin.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.