French crypto industry professionals call on the government to amend stablecoin tax policies

On May 19, sources reported that several French crypto industry executives jointly warned that the current stablecoin tax policies are severely outdated. Under current regulations, converting stablecoins to fiat currency and withdrawing to a bank account requires paying taxes, causing a large amount of crypto assets to be forced to remain outside the traditional financial system, with an estimated annual tax revenue loss of 1 to 3 billion euros. The article calls for the French government to make targeted adjustments to the 2027 Budget Bill within the next six months, as AI agents are increasingly adopting stablecoins for payments. It recommends emulating other countries by defining the exchange of stablecoins and fiat currency as “tax-free withdrawals.” Industry experts warn that if France misses this critical six-month window, it could lose significant industry benefits from the integration of AI and crypto payments.