French 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 (CARF) into French law. The plan would automatically exchange crypto data with 48 countries that have signed related agreements. The information to be exchanged includes specific transaction details, user names, addresses, tax identification numbers, place of residence, and the cumulative value of transactions during the reporting period. EU member states are already preparing for data exchanges under the DAC-8 directive, which takes effect on September 30, 2027. If the bill is approved, the French government will accelerate crypto data collection. Meanwhile, a report from Chainalysis showed that France had recorded 30 publicly known violent robberies involving crypto assets as of 2026. The report also said a tax official in the Paris region is suspected of selling the data of high-net-worth crypto holders.

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.

The expansion of the Common Reporting Standard, or CRS 2.0, has brought crypto assets into the reporting perimeter, though the rules are split between two OECD frameworks. Revised CRS covers central bank digital currencies, qualifying e-money products, and crypto exposure held indirectly through derivatives or investment entities. Direct trading in assets such as Bitcoin and stablecoins is mainly handled under the Crypto-Asset Reporting Framework, or CARF. Under that system, exchanges and other qualifying service providers may have to collect tax residency information and report annual transaction data once local legislation is in force and exchange relationships are established. The article notes that Hong Kong is currently listed for a first CARF information exchange in 2028, while mainland China does not appear on the OECD list of jurisdictions with a published first-exchange year as of June 23, 2026. Hong Kong has already gazetted a CARF and revised CRS bill and introduced it for first reading, but the proposal was still pending legislative review as of August 7. If passed, in-scope crypto-asset service providers in Hong Kong would begin registration, tax residency identification, and transaction data collection from January 1, 2027. The report also points to recent tax cases involving Hong Kong insurance policies in Beijing and Hangzhou as evidence that cross-border information exchange has moved beyond theory and into actual tax administration. Still, whether and when transaction data tied to Chinese tax residents on offshore crypto platforms enters an automatic exchange channel will depend on Hong Kong’s final legislation, its eventual exchange partners, and any future CARF implementation arrangement by mainland China.

A Caixin report said Chinese tax authorities are gaining fuller visibility into offshore income as cross-border information exchange under the Common Reporting Standard becomes routine. According to the report, authorities can now obtain complete data on dividends and cash value tied to offshore insurance policies, and tax collection on insurance-related overseas income has already started. The report said the OECD’s updated Common Reporting Standard, widely referred to in practice as CRS 2.0, expands the definition of financial assets to include crypto assets, central bank digital currencies, and certain electronic money products. Caixin described this as part of a broader tightening trend that also covers offshore stock trading, offshore insurance, and offshore trusts. It also noted that Hong Kong plans to implement CRS 2.0 before 2028 while advancing the Crypto-Asset Reporting Framework, or CARF. Under that framework, crypto trading platforms, brokers, and crypto ATM operators would need to report fiat-to-crypto conversions, crypto-to-crypto swaps, and cross-border crypto transfers. While mainland China has not announced a formal CRS 2.0 timetable, Caixin said tax authorities in multiple regions have, since 2025, contacted taxpayers by phone and text to self-report overseas income for 2022 through 2024 and pay tax according to law.

South Korea's Ministry of Economy and Finance has finalized its 2026 tax revision plan, confirming that the long-planned cryptocurrency investment income tax will take effect on Jan. 1, 2027, with no further postponement. Under the finalized scheme, annual gains exceeding KRW 2.5 million (around $1,740) will be taxed at 22%, and the first tax filing is set for May 2028. The ministry also pointed to the OECD's Crypto-Asset Reporting Framework (CARF), which it said will allow South Korea to receive overseas transaction data from 48 participating jurisdictions starting in 2027, including Japan, Germany and France. While the government has made its timetable clear, the measure could still be revised or delayed by the National Assembly. Opposition lawmakers, meanwhile, continue to push for scrapping the crypto tax altogether. Techub News first reported the development, citing crypto.news.

India's new crypto reporting penalties take effect April 1, 2026: ₨200 daily fine for late filing, ₨50,000 for inaccurate disclosure, and up to 2 years imprisonment for defaults exceeding ₨5 million. Tax rates remain unchanged.

Nigeria's new tax reforms mandate crypto service providers link transactions to Tax Identification Numbers (TIN) and National Identification Numbers (NIN), replacing blockchain surveillance for compliance.

A 2026 roundup highlights six crypto tax platforms and shows how tougher reporting rules in the US, EU, UK, and Canada are pushing investors toward automated tax tracking and clearer records.