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<p>Looks like France could have another riot on their hands.

For a long time, French crypto investors could swap into USDC or EURC to avoid paying tax until they either:

-cash out
-buy something w/ crypto

This would allow them to compound wealth tax free until they need the cash.

Now?

Crypto<>crypto swaps are still non-taxable.

Swapping into a MiCA regulated stablecoin will now incur tax at 31.4%

So the new loophole might be pushing investors into sketchier stablecoins OR just paying the tax.

What would you do?</p>

Looks like France could have another riot on their hands.
For a long time, French crypto investors could swap into USDC or EURC to avoid paying tax until they either:
-cash out
-buy something w/ crypto
This would allow them to compound wealth tax free until they need the cash.
Now?
Crypto<>crypto swaps are still non-taxable.
Swapping into a MiCA regulated stablecoin will now incur tax at 31.4%
So the new loophole might be pushing investors into sketchier stablecoins OR just paying the tax.
What 

Looks like France could have another riot on their hands. For a long time, French crypto investors could swap into USDC or EURC to avoid paying tax until they either: -cash out -buy something w/ crypto This would allow them to compound wealth tax free until they need the cash. Now? Crypto<>crypto swaps are still non-taxable. Swapping into a MiCA regulated stablecoin will now incur tax at 31.4% So the new loophole might be pushing investors into sketchier stablecoins OR just paying the tax. What would you do?

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