France imposes a 31.4% capital gains tax on the exchange of Bitcoin for stablecoins

According to CoinDesk, France has narrowly passed a cryptocurrency tax amendment, which plans to impose a 31.4% capital gains tax on transactions exchanging crypto assets for stablecoins starting from January 2027.

However, the amendment still needs to be approved by the French Senate and go through the budget coordination process before it can officially become law.