A closer look at “Chainalysis Warns France's 31.4% Stablecoin Tax Could Drive Crypto Traders Offshore”, exactly as the source publishes it. Francois Volpoet, Chainalysis CEO in France, has warned that a proposed 31.4% tax on regulated stablecoins could push crypto traders toward unmonitored offshore channels. The tax, part of France's 2025 budget, targets stablecoins like USDT and USDC that are approved under the country's digital asset framework. Volpoet argues the levy would make regulated stablecoin transactions more expensive, incentivizing users to move to unregulated platforms and jurisdictions.
This shift could undermine anti-money laundering efforts and reduce transparency in the crypto market. The warning comes as European regulators implement the Markets in Crypto-Assets (MiCA) regulation, which aims to bring stablecoins under oversight. If the tax is enacted, France may see a decline in regulated stablecoin activity, potentially isolating its crypto sector from the broader European market. This listing links straight to the original page, where the content is available in full.