The French National Assembly narrowly adopted a tax on cryptocurrency conversions to stablecoins by a single vote, 38 to 37, with only 100 out of 577 deputies participating in the session. Starting January 1, 2027, each crypto-to-stablecoin exchange would be taxed at a flat rate of 31.4 percent. The government remains opposed to the measure, which must still pass Tuesday’s formal vote and the Senate review before becoming law.
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