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French Crypto Professionals Urge Government to Amend Stablecoin Tax Policy

BlockBeats News, May 19th. According to a joint article written by several French cryptocurrency industry executives, the current stablecoin tax policy is severely outdated. Under current regulations, converting stablecoins to fiat currency and withdrawing to a bank account triggers a taxable event, causing a significant amount of crypto assets to remain trapped outside the traditional financial system, resulting in an estimated annual tax loss of €1 billion to €3 billion.

The article calls for urgent action, stating that as AI agents increasingly use stablecoins for payments, the French government must make targeted adjustments to the "2027 Budget Bill" within the next six months. It is suggested to follow the example of other countries by defining the exchange between stablecoins and fiat currency as a "tax-free withdrawal" transaction. Industry experts warn that if France misses this critical six-month window, it may lose out on the significant industrial benefits of integrating AI and crypto payments.

Kaynak:BlockBeats

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