France Over 90% of Crypto Gains Unreported, Taxable On-Chain Activity Reaches $9.4 Billion in 2025

Odaily News According to blockchain analysis firm Chainalysis, France's potential taxable cryptocurrency activity in 2025 is estimated at $9.4 billion, comprising $5.2 billion in payments, $2.5 billion in capital gains, and $1.7 billion in mining and staking income.

French taxpayers declared only €368 million in net gains for the 2024 tax year, involving approximately 24,000 individuals—up from about 7,700 people and €150.8 million the previous year. Chainalysis noted that in some countries, the rate of non-compliance with crypto tax obligations may exceed 90%.

The EU's Eighth Administrative Cooperation Directive (DAC8) took effect on January 1, 2026, requiring crypto service providers to collect user identity and transaction data. Member state tax authorities will begin cross-border exchanges of relevant records from September 30, 2027. The CARF currently covers approximately 14% of potentially taxable on-chain activity globally. (Bitcoin.com News)