France passes a bill imposing a 31.4% capital gains tax on bitcoin-to-stablecoin conversions.

PANews October 20 news, according to CoinDesk, France narrowly passed a cryptocurrency tax amendment that proposes to impose a 31.4% capital gains tax starting in January 2027 on transactions involving the exchange of crypto assets for stablecoins. However, the amendment still needs approval from the French Senate and must go through the budget reconciliation process before it can officially become law.