France Proposes Law to Automatically Share Crypto Tax Data with 48 Countries
2026-08-08 19:54
Odaily Planet Daily News: French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, proposing to incorporate the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD) into French law and automatically exchange crypto data with 48 countries that have signed relevant agreements.
The exchanged information includes specific transactions, user names, addresses, tax identification numbers, places of residence, and cumulative transaction values during the reporting period. EU member states are already preparing for related data exchanges under the DAC-8 directive, which will take effect on September 30, 2027.
Once the bill is approved, the French government will accelerate crypto data collection. A Chainalysis report shows that as of 2026, France has recorded 30 publicly known violent robberies involving crypto assets; the report also states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.
The exchanged information includes specific transactions, user names, addresses, tax identification numbers, places of residence, and cumulative transaction values during the reporting period. EU member states are already preparing for related data exchanges under the DAC-8 directive, which will take effect on September 30, 2027.
Once the bill is approved, the French government will accelerate crypto data collection. A Chainalysis report shows that as of 2026, France has recorded 30 publicly known violent robberies involving crypto assets; the report also states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.
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