
A new French bill would allow automatic exchange of crypto transaction data with 48 countries under the OECD's CARF framework, even as wrench attacks on holders rise.
France is moving to sign up for a global data-sharing pact that would let tax authorities in Paris automatically exchange cryptocurrency transaction records with 48 countries. The bill, introduced July 17 by Foreign Minister Jean-Noël Barrot, enshrines the OECD's Crypto-Asset Reporting Framework into French law. It's a step beyond the EU's own DAC-8 directive, which covers only member states and takes effect September 30, 2027.
The text was filed in the Senate and cites the multilateral agreement signed in Paraguay in November 2024. Under the framework, France would swap data on individual transactions, customer names, addresses, tax identification numbers, country of residence, and the aggregate value of crypto moved during the reporting period. The 48 counterparties are the other signatories to that agreement.
Barrot's office described the bill as a tool to curb tax evasion that crosses borders. The OECD developed CARF specifically to prevent crypto from falling through the gaps of older automatic-exchange regimes, which cover bank accounts and investment income but not digital assets.
French crypto holders are already under pressure from a separate, more physical threat. A Chainalysis report logged 30 publicly known "wrench attacks" in France through 2026 – incidents where thieves use violence or the threat of it to steal crypto. The actual number is likely higher, the firm said. It traced part of the surge to a leak: a French tax official in the Paris area allegedly sold data on high-net-worth crypto holders, giving criminals a target list.
Three individuals recently attempted a home-jacking against David Prinçay, the president of Binance France. That was the latest such attack, according to local reports.
The government had proposed a separate directive requiring crypto users to report holdings in self-custody wallets to tax authorities. Lawmakers dropped it after arguing that verifying the accuracy of self-reports was impractical.
France's push to expand data sharing comes as the country's tax authority prepares for the DAC-8 deadline. That EU directive will require exchanges operating inside the bloc to report customer transactions to their home member state, which then shares the information with other EU members. The new bill extends that reach to non-EU countries that are CARF signatories, including major financial hubs that have signed on.
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