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France’s tax proposal would tax Bitcoin-to-USDC swaps before investors cash out
· By MyCryptoSignal Editorial · 73 words
CryptoSlate reports that a committee-approved amendment in France would change the tax treatment of cryptocurrency swaps, specifically ending deferral for swaps into MiCA e-money tokens. The proposed change would affect the calculation of gains from such swaps, altering the acquisition basis used. This development matters for crypto markets as it could impact the tax liability of investors holding assets like Bitcoin and USDC.
Read the full story at CryptoSlate: https://cryptoslate.com/frances-tax-proposal-would-make-bitcoin-to-usdc-swaps-taxable-before-cash-out
Data, not advice.
Source: CryptoSlate — see our editorial policy.
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