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France Plans 31.4% Crypto Tax

France's parliament advanced legislation to impose a 31.4% capital gains tax on crypto-to-stablecoin transactions.

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Key points

  • France's parliament advances legislation to impose a 31.4% capital gains tax on crypto-to-stablecoin transactions.
  • The tax rate specified is 31.4%.
  • The measure targets crypto-to-stablecoin transactions.

Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI

Original post

Watcher.Guru @WatcherGuru 4.9M followers

JUST IN: 🇫🇷 France's parliament advances legislation to impose 31.4% capital gains tax on crypto-to-stablecoin transactions.
1,479likes 149reposts 347replies 407.1Kviews

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Reaction on X: Replies largely criticize the tax move, calling it a reason to be glad not to be French, warning it will drive capital out of the country, and predicting riots and further unrest. No reply offers supporting data or corrections, and the original poster did not respond.

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From @ianheinischmma, @OrderlyNetwork, @CryptoJobOrg and others. Spam removed, with English and Chinese translations.

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