French Stablecoin Tax Proposal Raises Offshore Trading Concerns
Chainalysis executive Francois Volpoet warned that a proposed 31.4% French tax on regulated stablecoins could steer traders toward unmonitored offshore channels.
A proposal in France to tax regulated stablecoins at 31.4% has drawn a warning from Francois Volpoet, Chainalysis’ CEO in France, according to CoinDesk.
Volpoet said the measure could encourage crypto traders to shift toward offshore channels that are not monitored, rather than continue using regulated options.
His warning centers on the potential effect on trading activity and oversight. The tax remains a proposal, and the reported concern describes a possible outcome rather than an observed shift.
Source: CoinDesk
