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France Proposes Tax on EU-Regulated Stablecoins
France's legislators are considering a proposal to expand a 31.4% crypto capital gains tax to include trades involving European Union (EU)-regulated stablecoins. Chainalysis CEO Francois Volpoet warns this could drive investors toward unmonitored offshore channels. The proposal targets a category of stablecoins subject to EU rules, potentially incentivizing traders to use alternatives outside that category.