In most (all ?) countries except US, you are not taxed for crypto to crypto conversion. However you are taxed when you convert crypto to fiat. For example if you want to secure your bitcoins benefits by converting them to 1M USD, in France you should pay 300k USD (30% flat tax). But if you convert them to 1M UST, or USDT, or USDC, or whatever, then you pay nothing.
Note this is not tax evasion. At the end if you want to buy something useful (e.g. a house) with your crypto assets, you will still need to convert them to fiat and to pay taxes. This is just a way of securing volatile crytpo assets.
Note this is not tax evasion. At the end if you want to buy something useful (e.g. a house) with your crypto assets, you will still need to convert them to fiat and to pay taxes. This is just a way of securing volatile crytpo assets.