France's parliament votes to tax stablecoin trades at 31%

French lawmakers approved a measure that would apply a 31% capital gains tax to profits made from trading stablecoins (cryptocurrencies designed to hold a steady value, usually pegged to a currency like the US dollar). This is still part of France's legislative process, so it needs further steps before it becomes final law.

If you're a French crypto user, this could mean owing more tax on stablecoin transactions than before, which changes the math on trading. For everyone else, it's a reminder that governments are still figuring out how to tax crypto, and rules vary a lot by country.

If you're not in France, this doesn't directly affect you. If you are, it's worth keeping an eye on whether this becomes final law and talking to a tax professional about what it means for your situation.