--- title: "French Senate Approves Bill for Cross-Border Crypto Tax Data Sharing" description: "Legislation aligning France with the OECD's Crypto-Asset Reporting Framework advances to the National Assembly as physical security concerns rise." url: https://basisdesk.news/news/french-senate-passes-crypto-tax-sharing-bill published: 2026-10-29T15:21:59.016Z modified: 2026-10-29T15:21:59.016Z section: Regulation & Policy author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bearish tickers: [BTC] tags: [france, taxes, carf, dac8, oecd, security] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # French Senate Approves Bill for Cross-Border Crypto Tax Data Sharing Legislation aligning France with the OECD's Crypto-Asset Reporting Framework advances to the National Assembly as physical security concerns rise. ## At a glance - **What happened:** The French Senate passed a bill enabling automatic cross-border sharing of crypto tax data under the OECD's framework, sending it to the National Assembly. - **Why it matters:** The measure broadens global fiscal visibility into user transactions, heightening privacy concerns as physical attacks targeting holders increase. - **Who is affected:** Crypto service providers operating in France and French tax residents holding digital assets. - **What's next:** The National Assembly will review Bill no. 3421 following a scheduled Nov. 3 vote on the 2027 budget revenue section. - **Status:** proposed - **Primary source:** [French Senate adopts bill for automatic sharing of crypto tax data](https://cointelegraph.com/news/french-senate-adopts-bill-automatic-crypto-tax-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## Key points - The French Senate passed a bill adopting the OECD's Crypto-Asset Reporting Framework, transmitting it to the National Assembly as Bill no. 3421. - The European Commission plans to establish a central repository for cross-border DAC8 crypto tax filings by the end of 2026. - CertiK data shows France accounted for 33 of 52 globally verified physical crypto thefts during the first half of 2026. ## Editorial remark - **Context:** France previously codified EU DAC8 requirements through its 2025 Finance Act, obliging digital asset service providers to submit client IDs and transactions to national revenue agencies. - **Impact:** Crypto asset service providers will face broadened cross-border compliance demands, while European holders face greater exposure via shared administrative tax databases. - **Watch:** The French National Assembly will review Bill no. 3421, while lawmakers prepare for a Nov. 3 vote on the 2027 budget revenue section. The French Senate passed a bill authorizing domestic tax authorities to automatically exchange cryptocurrency transaction data with international counterparts [1]. The measure cleared its first reading and moved to the National Assembly as Bill no. 3421 for further consideration [1]. The legislation operationalizes an agreement structured around the Crypto-Asset Reporting Framework (CARF), an initiative established by the Organisation for Economic Co-operation and Development (OECD) [1]. CARF establishes standardized requirements for participating nations to collect and exchange taxpayer transaction data across borders [1]. France previously enacted related compliance rules under its 2025 Finance Act, transposing the European Union's DAC8 directive to mandate customer data collection by crypto service providers [1]. Readers can review how [CARF and EU DAC8, Explained: Global Automatic Crypto Tax Reporting](https://basisdesk.news/news/dac8-and-carf-global-crypto-tax-reporting) details these shared reporting frameworks. ## Security Pushback and Fiscal Debates The Senate's move arrives amid parallel fiscal debates in France [1]. Lawmakers are considering a 2027 budget amendment, approved by the National Assembly on Oct. 16, that would tax gains on trades into certain fiat-pegged stablecoins starting Jan. 1, 2027 [1]. Budget revenue debates resumed recently ahead of a Nov. 3 vote, though the measure is not yet enacted [1]. Industry representatives have warned about the personal risks tied to expanding fiscal databases [1]. Under DAC8, reporting involves transmitting names, residential addresses, tax identifiers, and transaction amounts [1]. The European Commission plans to launch a centralized repository for crypto tax filings by the end of 2026, granting access to tax authorities across EU member states [1]. Faustine Fleuret, global head of public affairs at lending protocol Morpho, warned that centralizing such sensitive information establishes a single point of failure and escalates physical security threats for domestic investors [1]. Physical confrontations, colloquially referred to as wrench attacks, have risen significantly in the jurisdiction [1]. Data from blockchain security company CertiK indicates that France accounted for 33 of 52 verified wrench attacks globally during the first half of 2026 [1]. In one March occurrence cited by the firm, criminals impersonating police officers stole approximately $1 million in $BTC from a French couple [1]. ## FAQ **What is the primary function of Bill no. 3421?** The bill allows French tax authorities to automatically exchange digital asset transaction records with international counterparts under the OECD's Crypto-Asset Reporting Framework. **When does the European Commission plan to launch its crypto repository?** The European Commission intends to deploy a centralized repository for member states' crypto tax filings by the end of 2026. ## Sources 1. [French Senate adopts bill for automatic sharing of crypto tax data](https://cointelegraph.com/news/french-senate-adopts-bill-automatic-crypto-tax-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-10-29 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai