Regulation
Neutral
French Senate passes bill to share crypto tax data internationally
Image: CointelegraphFrance's Senate approved a bill to automatically exchange cryptocurrency tax information with foreign tax authorities. The measure follows the OECD's Crypto-Asset Reporting Framework and builds on the EU's DAC8 rules. The bill still requires passage by the National Assembly before becoming law and does not create new crypto taxes.
Key points
- The French Senate adopted a bill to enable automatic sharing of crypto tax data with international authorities.
- The bill aligns with the OECD's Crypto-Asset Reporting Framework (CARF).
- The legislation does not introduce new taxes on cryptocurrency assets.
- The bill must still be approved by the National Assembly to become law.
Why it matters
Automatic exchange of crypto tax information could improve regulatory transparency across jurisdictions, but pending legislative approval and data‑security concerns leave its impact uncertain for users and markets.
What's unclear
It is unknown whether the National Assembly will pass the bill.
The reaction of major cryptocurrency stakeholders to the bill remains uncertain.
Sources · 2 publishers
Crypto Briefing
Tier 2
French Senate approves bill for automatic crypto tax data sharing
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
