The real bottleneck for crypto adoption in France isn’t regulation or UX—it’s taxes.

Under French law, *on-chain activity isn’t taxed* as long as you stay within the crypto ecosystem. You can swap, LP, stake, bridge all you want—no taxable event.

But the second you convert crypto into fiat or use it to buy goods/services? Boom—taxable.

And it's not capital gains like in the US. It's a *flat 30% tax* (PFU) on the *net gain* between the total value of your crypto sold and the average acquisition price of your entire portfolio.

Miss that detail, and your whole déclaration can blow up 💥

And by portfolio, I mean all crypto hlp by anyone who is on your taxe declaration: you, partner, children, dependent people... All seen as one unique portfolio.

I would love to be able to just spend stablecoins when doing the groceries, with all these new crypto payment cards, without having to keep my bread receipts for 3 years to justify 30% tax on the tx ...

I'm not sure I get what you mean. This is actually super favorable and I sure took advantage of it while I lived in France.

Not having crypto to crypto taxed is quite an advantage, especially when stables are considered crypto.

Many other countries you need to declare and pay gains tax on any movement, and amount of taxes are similar...