French Crypto Executives Call for Stablecoin Tax Revision, Citing €10-30B Annual Loss

According to BlockBeats, on May 19, French crypto industry executives called for the government to revise stablecoin taxation policy, citing annual tax revenue losses of €10-30 billion. Under current regulations, converting stablecoins to fiat currency and withdrawing to bank accounts triggers tax liabilities, forcing assets to remain outside the traditional financial system. The executives urged the government to implement changes to the 2027 budget law within the next six months, recommending that stablecoin-to-fiat conversions be classified as tax-exempt withdrawals, following practices in other jurisdictions.