France’s parliament approves vote to hit stablecoin trades with 31% capital gains tax

France's parliament approved an amendment (I-3898) that would tax stablecoin trades at 31% capital gains, removing the tax deferral currently available for MiCA-compliant stablecoins starting January 2027. The measure targets a core crypto use case—stablecoin trading and holding—and could reduce French market participation or push activity offshore. Traders should watch for final legislative confirmation and whether other EU states follow, as this raises the cost of stablecoin-based strategies in France.