"" France Tightens Crypto Oversight
France is taking steps to strengthen its control over cryptocurrency users, with a new bill aiming to expand the automatic exchange of cryptocurrency activity data with 48 nations.
According to Chainalysis, French authorities have logged 30 publicly known incidents of violence associated with cryptocurrency thefts in 2026, but the actual number may be higher.
The surge in these incidents has led to concerns among French cryptocurrency holders, who are now being targeted in kidnappings and homejackings.
Bill Aims to Combat Tax Evasion
A new bill, presented by Jean-Noël Barrot, Minister for Europe and Foreign Affairs, would allow the automatic exchange of cryptocurrency activity data with countries outside the EU to curb tax evasion.
The bill would require the exchange of specific transactions, user names, addresses, tax identification numbers, residence, and the aggregate value transacted during the reporting period.
Background on CARF and DAC-8
The bill is part of the Crypto-Asset Reporting Framework (CARF) developed by the Organization for Economic Co-operation and Development (OECD), which aims to standardize the reporting of cryptocurrency activities.
France is also preparing to exchange cryptocurrency activity data with EU states under the DAC-8 directive, which will become effective on September 30, 2027.
Categories: [regulation-and-legal, france, regulation] Tags: [crypto-taxation, france, tax-evasion, cryptocurrency-regulation] image_prompt: A 3D illustration of a French government building with a glowing, high-tech interface displaying cryptocurrency transactions, set in a dark navy and gold palette with cinematic lighting.
