Proposed 31.4% 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.
Source: CoinDesk
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DW NOTE
France wants to tax stablecoin swaps at 31.4% — the same rate it applies to bitcoin sales. The difference is that stablecoin swaps are how traders neutralise volatility without exiting crypto entirely. Tax that manoeuvre and you do not collect revenue; you relocate the entire trading stack to jurisdictions that understand the difference between realising a gain and parking liquidity.