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French National Assembly Passes Stablecoin Conversion Tax 38-37
COINOTAG·October 17, 2026·1 min read
France's National Assembly passed amendment I-3898, taxing gains on crypto-to-stablecoin swaps at the 31.4% PFU rate. The vote was 38-37. Senate review and the 2027 budget come next. The narrow passage reflects the contentious nature of the measure, which could impact stablecoin usage in France.
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