French Assembly Backs Tax on Crypto-to-Stablecoin Swaps by One Vote

The French Assembly has passed a budget amendment backing a tax on crypto-to-stablecoin swaps by one vote. The amendment, set to take effect from January 1, 2023, will end tax deferral for such transactions. However, it is not yet law.

Sources

• The Defiant — French Assembly Backs Tax on Crypto-to-Stablecoin Swaps by One Vote

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