Proposed French tax on regulated stablecoins could drive crypto traders offshore
Chainalysis CEO in France Francois Volpoet warned the proposed 31.4% tax on regulated stablecoins could push traders toward unmonitored offshore channels.
AI summary
France is considering a 31.4% tax on regulated stablecoin transactions, according to a warning from Chainalysis CEO in France Francois Volpoet. He argues the levy would push crypto traders toward unmonitored offshore channels, reducing the effectiveness of domestic oversight. A trader would care because higher taxes on stablecoin activity in a major European market could lower onshore liquidity and shift volume to less transparent venues.
Impact
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Conviction
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