France Reschedules Budget Vote With Stablecoin Tax Proposal for Nov. 3
Edited by Steinar Vigdel Kolnes, Editor, Oslo
France has moved a budget vote involving a proposed stablecoin tax change to Nov. 3, with further parliamentary approval still required.
France has rescheduled a budget vote that includes a proposed change to stablecoin taxation for Nov. 3, according to The Defiant.
The measure would remove tax deferral for gains realized when swapping assets into stablecoins pegged to a single currency. The proposed change would take effect in January 2027.
The provision is not yet final. Additional parliamentary votes are required before the proposed tax treatment can become law.
Source: The Defiant
