France faces $9.4B crypto reporting test
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- France has recorded $9.4 billion in potentially taxable crypto activity during 2025.
- The figure includes $1.7 billion in income, $2.5 billion in gains and $5.2 billion in payments.
- New EU reporting rules will give French tax authorities more crypto data from 2027.
France has recorded $9.4 billion in potentially taxable crypto activity during 2025.
The figure includes $1.7 billion in crypto income, $2.5 billion in realised gains and $5.2 billion in payments.
France is preparing to receive more detailed crypto transaction data under the European Union’s DAC8 reporting system.
DAC8 requires crypto service providers to collect reportable transaction data from EU residents during 2026.
EU tax authorities must exchange their first reports covering 2026 activity by September 30, 2027.
Only 14% of potentially taxable crypto activity falls within direct CARF reporting channels.
The $9.4 billion figure is not a tax bill because it includes payments and activity with different tax treatment.
