Crypto▼ Bearish
France Targets 2027 for Global Crypto Tax Data Sharing
France proposes ratifying the OECD's CARF standard, enabling automatic exchange of crypto transaction data with 47 countries starting September 2027. The move follows DAC8 transposition and comes amid rising crypto-related physical attacks in Europe.
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France is moving to join a 48-country network that will automatically exchange crypto transaction data for tax purposes, starting with 2026 activity. A bill authorising ratification of the OECD's Crypto-Asset Reporting Framework (CARF) was presented to the Council of Ministers on July 27, 2026.
The CARF standard, developed by the OECD, requires crypto exchanges to collect user identities, portfolio values, and transaction details, then share that data with tax authorities in participating jurisdictions. It complements Europe's DAC8 directive, which France already transposed through Article 54 of the 2025 Finance Act, effective January 1, 2026.
Nearly all members of the Global Forum on Transparency and Exchange of Information for Tax Purposes will participate. The United States is a notable exception, with implementation scheduled for 2029.
Under the framework, a French resident using a crypto exchange based in Germany or Malta will have their transaction data transmitted to France's Directorate General of Public Finances (DGFiP). The same mechanism will extend to non-European jurisdictions once CARF is ratified.