France advances crypto-to-stablecoin tax proposal by just one vote

French lawmakers just approved an amendment that would make crypto-to-stablecoin conversions taxable. It's not law yet. But perhaps it's time for French traders to rethink the way they push their money around. France voted to make crypto-to-stablecoin transactions taxable It came down to a narrow, single vote! On October 16, France's National Assembly adopted Amendment I-3898. The amendment passed by a single vote, with 38 lawmakers supporting it, 37 opposing it, and 25 abstaining. It started life as a committee amendment I-CF1826, introduced by MP Nicolas Sansu and approved on October 7. What would it actually change? Right now, swapping Bitcoin [BTC] for a stablecoin in France doesn't trigger taxation. Under this amendment, that swap would count as a taxable incidence. No fiat needed!

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