France Proposes 31.4% Tax on Stablecoin Swaps and Crypto Wallet Disclosures

France's proposed crypto crackdown targets stablecoin swaps, large self-custody wallets, and unrealized gains held by wealthy investors moving abroad. France is considering new crypto tax rules that could make stablecoin conversions taxable and require investors to disclose large self-custodied wallets. The proposals, included in debates over the country's 2027 budget, also target wealthy crypto holders moving abroad and will introduce a longer period for carrying forward investment losses. An amendment adopted by the French National Assembly's Finance Committee would extend the country's existing 31.4% flat tax on crypto capital gains to exchanges into certain stablecoins regulated under the European Union's…