France Moves to Tax Crypto as Cost-of-Living Protests Erupt
French lawmakers have voted to tax crypto investors who move their profits into stablecoins, just as protests over living costs have erupted into some of the country’s worst riots in years. On October 16, France’s National Assembly approved an amendment by 38 votes to 37, with 25 abstentions. It would make certain crypto-to-stablecoin conversions taxable The post France Moves to Tax Crypto as…
France's National Assembly narrowly approved an amendment 38-37 with 25 abstentions on October 16 that would make certain crypto-to-stablecoin conversions taxable events. The move comes as cost-of-living protests escalate into some of the country's worst riots in years, adding political volatility to the timing. Traders holding stablecoins or using them as a profit-taking vehicle in France face new tax friction, a modest negative for local crypto demand and a precedent other jurisdictions may watch.
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