French stablecoin tax could push traders offshore, Chainalysis warns

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Chainalysis CEO Francois Volpoet has warned that a proposed French tax could drive cryptocurrency traders to offshore platforms. The French proposal would impose a 31.4% tax specifically on regulated stablecoins. Volpoet stated this move might push trading activity toward unmonitored offshore channels. The warning highlights a potential unintended consequence of the tax policy on crypto market oversight.

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