Since January 1, 2026, the flat tax rate on income from digital assets stands at 31.4 % in France, but calculation rules vary across three distinct legal categories: crypto-assets, securities, and financial contracts. Tokenized stocks such as Kraken’s xStocks are classified as securities rather than crypto-assets, which implies specific calculation rules and loss offset mechanisms. Perpetual contracts and futures on stocks or ETFs, offered by platforms like OKX, fall under the financial contracts category with a particular calculation method based on net financial flows. A common pitfall involves paying with cryptocurrency to acquire a product that is not a crypto-asset: this transaction may be treated as an immediate taxable sale of the latent gain on the crypto assets held.
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