Update
France Imposes Tax on Crypto-to-Stablecoin Swaps
France's National Assembly has voted to impose a 31.4% flat tax on crypto-to-stablecoin swaps starting January 1, 2027. The amendment, proposed by Nicolas Sansu, aims to close a legal gap that allowed tax deferral on stablecoin conversions while taxing crypto-to-euro trades. The tax will also change how gains are calculated for investors, shifting from portfolio-wide valuation to specific asset sales. A vote on the budget bill is pending.