French Assembly Approves Tax on Crypto-to-Stablecoin Swaps
The French Assembly has backed a proposed tax on crypto-to-stablecoin swaps by a margin of just one vote.
The French Assembly has voted to approve a new tax targeting crypto-to-stablecoin swaps, according to reporting by The Defiant. The measure passed by a narrow margin of a single vote during the legislative session.
The legislative move introduces regulatory hurdles for digital asset holders seeking to convert cryptocurrencies into stablecoins within French jurisdiction. Lawmakers advanced the measure despite the tight voting outcome.
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Key facts
- The French Assembly backed the tax on crypto-to-stablecoin swaps.
- The measure passed by a margin of one vote.
- Reporting on the vote was provided by The Defiant.
Source: news.google.com
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