France Backs Proposal to Tax Crypto-to-Stablecoin Swaps at 31.4% From 2027

France's proposed 31.4% tax on crypto-to-stablecoin gains could take effect in 2027, following a one-vote approval. The measure, which targets gains from converting crypto to stablecoins, leaves key enforcement questions unresolved, creating uncertainty for traders and the broader crypto market in France.