Update
France Approves Bill for Tax Authorities to Share Crypto Data
The French Senate has approved a bill implementing the OECD's Crypto-Asset Reporting Framework, which would allow foreign tax authorities to see what French residents do with their cryptocurrencies. The bill, which still needs approval from the National Assembly, authorizes France to put the framework into practice through a multilateral competent authority agreement. The first exchanges are scheduled for 2027, with 46 jurisdictions including France, Germany, the UK, Japan, and Canada participating. Data collection under the EU's DAC8 rules began in France on January 1, 2026, and the first full reports are expected in 2027.