French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget

France’s National Assembly Finance Committee voted this week to tax crypto holders who swap into stablecoins—tokens tied to a single official currency, such as the dollar or the euro—and to charge an exit tax on wealthy holders who move abroad. The votes may not matter much yet: on Friday the committee rejected the budget’s entire revenue section by 31 votes to 3, so the full Assembly starts from the government’s original text, without the crypto amendments.

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