France Pushes Bill to Share Crypto Tax Data With 48 Nations
France is tightening its oversight of cryptocurrency users with a new bill that seeks to enable the automatic exchange of crypto transaction data with 48 nations. On July 17, Jean-Noël Barrot, Minister for Europe and Foreign Affairs, introduced text 921 in the Senate to implement the Crypto-Asset Reporting Framework (CARF) developed by the OECD.
The bill would enshrine CARF into French law, allowing the exchange of specific information—including transaction details, user names, addresses, tax identification numbers, and aggregate annual transaction values—with the 48 countries that signed the agreement in Paraguay in November 2024. While EU member states are already preparing to exchange similar data under the DAC-8 directive (effective September 30, 2027), this bill extends the automatic exchange to non-EU partners.
If approved, the French state’s data collection activities will accelerate. The bill has sparked privacy concerns among French crypto holders, especially given a rise in violent “wrench attacks” in the country. According to Chainalysis, French authorities logged 30 publicly known incidents through 2026, though the real number may be higher. The surge is partly attributed to a French tax official in the Paris area who allegedly sold data on high-net-worth crypto holders.
Earlier this year, a directive requiring crypto users to report self-custody holdings to tax authorities was dropped after deputies argued it would be unenforceable. The Binance France president was recently targeted in a home-jacking attempt, highlighting the real-world risks linked to data leaks.
The bill aims to curb tax evasion through greater transparency, but critics warn that increased data sharing without robust safeguards could further endanger crypto owners.