French Crypto Executives Urge Tax Reform on Stablecoins

French cryptocurrency industry leaders have collectively called for changes to the country's tax framework regarding stablecoins. According to Foresight News, the current French tax law mandates that stablecoin withdrawals to fiat accounts are subject to taxation. This regulation has resulted in significant amounts of crypto funds remaining outside the traditional banking system, leading to an annual tax revenue loss estimated between 1 billion and 3 billion euros.