French crypto practitioners urge government to revise stablecoin tax policy
Foresight News reported, citing Le Monde, that several French crypto industry executives recently co-authored an article calling on the government to revise the stablecoin tax framework. Under current French tax law, converting stablecoins to fiat accounts is subject to taxation, resulting in large amounts of crypto funds remaining outside the traditional banking system and causing annual tax losses of 1 billion to 3 billion euros.
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