France Faces Crypto Tax Gap: $9.4 Billion Taxable, Only $368 Million Reported
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Read the full article on stephaneLarue.com Since 1 January 2026, crypto platforms such as Binance, Coinbase or Kraken automatically transmit to the French tax authorities the history of transactions and the identity of their customers, in accordance with the European directive DAC8. The first exchange of data between tax administrations will take place on 30 September 2027, covering the transactions of 2026. According to an estimate by Chainalys…
The glamour of tax-exempt crypto pactole will soon turn into a regulatory nightmare for those who have "forgotten" to report their foreign-hosted accounts.
A Chainalysis report estimates that crypto activity in France could potentially be taxed at $9.4 billion in 2025. Faced with this vast sum, only €368 million in capital gains were declared by 24,000 taxpayers last year. This enormous gap could well be reduced by the DAC 8 directive as early as 2027. The article "Crypto and Taxes: The French Tax Authorities Could Recover Billions" first appeared on Cryptoast.
France Faces Crypto Tax Gap: $9.4 Billion Taxable, Only $368 Million Reported
France is grappling with a significant tax issue concerning cryptocurrencies. According to Chainalysis, taxable crypto activity in the country is… Read the original on France’s Crypto Tax Gap: $9.4 Billion at Stake, Only $368 Million Reported. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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