An amendment to France's 2027 budget passed the National Assembly 38 to 37 on Oct. 16, but it still has to survive the rest of the budget process before any swap into a stablecoin is taxed.
The post French Lawmakers Back Tax on Crypto-to-Stablecoin Swaps by a Single Vote appeared first on Unchained.
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The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.
The amendment would make swapping crypto into euro or dollar stablecoins taxable in France from 2027, with gains measured coin by coin.
The move comes amid South Korea's regulatory developments to establish a framework for Korean won-denominated stablecoins.
Buyers fund contracts in USDC and cannot exit before expiry. US and UK residents are among those excluded.
