France’s foreign minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, proposing to incorporate the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF, into French law. The proposal would enable France to automatically exchange crypto-related data with 48 countries that have signed the relevant agreement.
The information set described in the report includes specific transactions, users’ names, addresses, tax identification numbers, places of residence, and the total value of transactions accumulated during the reporting period. The development comes as European Union member states prepare for similar exchanges under the DAC-8 directive, which is set to take effect on Sept. 30, 2027.
According to the report cited by ChainCatcher, approval of the bill would speed up crypto data collection by the French government. The same item also referenced a Chainalysis report saying France had recorded 30 publicly known violent crypto-related robbery cases by 2026, and that a tax official in the Paris area was suspected of selling data tied to high-net-worth crypto holders.
According to ChainCatcher, French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, seeking to incorporate the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF, into French law.
Under the proposal, France would automatically exchange crypto-related data with 48 countries that have signed the relevant agreement. The data set would include specific transactions, users’ names, addresses, tax identification numbers, places of residence, and the cumulative value of transactions during the reporting period.
EU states are also preparing DAC-8 exchanges
ChainCatcher said European Union member states are already preparing for related data sharing under the DAC-8 directive, which is scheduled to take effect on Sept. 30, 2027.
French government could accelerate data collection if approved
If the bill is approved, the French government would speed up its collection of crypto-related data.
The report also cited Chainalysis as saying that, by 2026, France had recorded 30 publicly known violent robberies involving crypto assets. It added that a tax official in the Paris area was suspected of selling data related to high-net-worth crypto holders.
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