French Crypto Executive Trio Proposes Crypto-to-Stablecoin Exchange Tax
A proposal to develop a new crypto taxation regime has surged in France, prompting criticism from the native crypto crowd.
Jean Meyer, CEO of Deblock, Damien Patureaux, co-founder of Lyzi, and Pierre Morizot, CEO of Waltio, three executives from crypto-linked companies, have proposed taking crypto taxation to a lower level in France by directly taxing conversions from crypto assets to stablecoins.
In an article titled “France has six months not to miss the next industrial wave of agentic AI,” the executives stated that “a French holder who converts his bitcoins into [stablecoin] does not trigger any taxation.” Furthermore, they explained that such a particularity did not convey any competitive advantage and constituted a “fiscal singularity that is paid for in missed revenue and unbuilt infrastructure. “
