Australia Proposes Crypto Tax Reporting as France Advances a Stablecoin Tax and AIFC Restricts Exchanges

Australia and France are changing the tax debate while licensing and access decisions reshape crypto services in Europe and Central Asia.

The week's regulatory decisions sit at different stages. Australia has published draft reporting legislation for consultation. French deputies have backed an amendment on crypto-to-stablecoin swaps, but the budget has not become law. Gibraltar and Austria have authorized two crypto businesses, while a court order in the Astana International Financial Centre targets operators serving its jurisdiction without a licence. Separately, MEXC has announced a service exit affecting users in Russia and Belarus. For customers and businesses, these distinctions are practical: a consultation does not yet impose a duty, a licence does not guarantee that every planned service is live, and an exchange's country policy can change access even without a new national law. The events below track what has actually happened and what remains pending.

Australia Publishes Crypto Tax Reporting Draft and Opens Consultation Until October 28

Australia's Treasury released draft legislation on October 15 to introduce the OECD Crypto-Asset Reporting Framework and a domestic reporting regime for transactions involving Australian residents. The consultation runs until October 28; the draft is not yet law.

The package also updates the existing Common Reporting Standard. If adopted, its reporting requirements would affect how covered providers capture and exchange transaction information. That is relevant to crypto finance services handling Australian customers, though the final scope and implementation date depend on the legislative process. The immediate action for providers is to review the exposure draft and submit comments, not to treat the proposed requirements as already operative.

French Deputies Adopt Stablecoin-Swap Tax Amendment, but the Budget Is Still Pending

France's National Assembly adopted amendment 3898 on October 16 by 38 votes to 37. The measure would end the tax deferral for converting crypto assets into fiat-backed stablecoins. It is an amendment to the 2027 budget bill, not an enacted tax rule.

The proposal addresses the difference between selling crypto for fiat and swapping it into a stablecoin. That distinction matters to people who use USDC or other stablecoins between trades and payments. The vote establishes the Assembly's position at this stage; taxpayers and payment providers still need the final budget text before changing their treatment of transactions.

Revolut Gains a Gibraltar DLT Licence as BingX EU Secures Austrian MiCAR Authorization

Revolut's digital-asset subsidiary received a Gibraltar DLT provider licence on October 19, while BingX EU announced MiCAR authorization from Austria's financial regulator. The two permissions cover different entities and legal regimes, but both give the companies a regulated basis for planned crypto services.

Revolut said the Gibraltar approval supports future international offerings; it has not named the rollout markets or dates. Its existing UK and EEA crypto services operate through other entities. BingX EU said its Austrian authorization, granted October 14, can support services across the EEA subject to passporting, and it is preparing the launch. Customers comparing crypto cards and trading platforms should check the licensed entity and the actual availability of a service in their country rather than assuming authorization means immediate access everywhere.

AIFC Court Restricts Six Unlicensed Crypto Operators Within Its Jurisdiction

The Astana Financial Services Authority announced on October 20 that the AIFC Court had issued injunctions against six unlicensed platform operators: BingX, Bitcoin.com, HTX, BitMart, Coinbase and WEEX. The order prohibits them from offering or advertising digital-asset services within the AIFC without the required licence.

The court made its original order on September 15 and amended it on September 18 after LBank took separate steps to restrict access. The announcement is new this week; the court decision is older. AFSA said the orders would be sent to Google and Apple for geographically restricted app-store enforcement. It did not announce a blanket shutdown of those platforms throughout Kazakhstan. The decision makes the AIFC licence boundary consequential for exchange operators and users seeking supervised blockchain services.

MEXC Announces Service Exit for Affected Users in Russia and Belarus

MEXC announced that it will discontinue services for users of Russia or Belarus. The exchange says affected account holders will receive individual notices with their deadlines and instructions for closing positions and withdrawing assets.

The notice does not say that every account is being closed immediately: MEXC says users who have not received a notification are unaffected for now, subject to its terms. Customers should verify any message in the official app or announcement center before acting, especially because the company warns against impersonation requests for credentials or transfers. For users moving funds to crypto wallets, the operative deadline is the one in their own verified notice, not a date inferred from a headline.