🇫🇷 MASSIVE: France has prosposed taxing crypto-to-stablecoin gains at 31.4%, even if investors NEVER cash out to a bank account. The proposal would make swaps into stablecoins classified as electronic-money tokens under EU rules taxable from January 1, 2027. Moving into those stablecoins to escape market volatility could therefore trigger a tax bill. The existing 31.4% default rate would apply to taxable profits, not the entire amount swapped. Ordinary crypto-to-crypto exchanges would generally retain their tax deferral.