France's parliament backs 31% capital gains tax on stablecoin trades

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France's parliament has approved a measure that would tax stablecoin trades at a 31% capital gains rate. The change comes through Amendment I-3898, which eliminates tax deferral for stablecoins that comply with the EU's MiCA regulation. The removal of deferral takes effect in January 2027. The amendment specifically targets MiCA-compliant stablecoins, so gains from trading them would be taxed rather than postponed.

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