DAC8

CARF
2026-09-09 02:26:16

What RCASPs Must Report Under CARF and How Local Rules Change the Filing

FinTax has published a detailed breakdown of what crypto platforms must actually report under the Crypto-Asset Reporting Framework, or CARF, after the questions of who reports and where they report have already been settled. Under the OECD standard, a Reporting Crypto-Asset Service Provider (RCASP) must identify reportable users and relevant controlling persons through due diligence, classify their crypto transactions, and submit three main categories of information: RCASP data, user data, and transaction data. The article says the OECD framework sets a common international baseline, but final filing obligations are shaped by local law and technical guidance in each jurisdiction. That creates practical differences in several areas, including whether domestic tax residents must be reported, which fiat currency must be used for valuation, whether the $50,000 retail payment threshold is converted into a local-currency standard, how tax identification numbers are defined, and whether nil returns are required when no reportable information exists. FinTax also argues that CARF preparation cannot be left to the filing deadline. For RCASPs, compliance work needs to be built into customer management, KYC and tax due diligence, valuation methods, and transaction data architecture. For firms operating across borders, the same customer and transaction set may need to be configured differently for different jurisdictions when annual CARF reports are prepared.

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What RCASPs Must Report Under CARF and How Local Rules Change the Filing
France
2026-09-08 10:33:04

Chainalysis estimates $9.4 billion in taxable on-chain crypto activity in France for 2025

Blockchain analytics firm Chainalysis estimates that France could see $9.4 billion in potentially taxable crypto activity in 2025, according to a report cited by Bitcoin.com News and carried by Odaily. The figure breaks down into $5.2 billion tied to payments, $2.5 billion in capital gains, and $1.7 billion from mining and staking income. The report also points to a gap between estimated taxable activity and declared returns. French taxpayers reported €368 million in net gains for the 2024 tax year, covering about 24,000 people. That was up from roughly 7,700 people and €150.8 million a year earlier. Chainalysis said crypto tax non-compliance in some countries may exceed 90%. On the policy side, the European Union’s eighth Directive on Administrative Cooperation, or DAC8, took effect on Jan. 1, 2026. It requires crypto service providers to collect user identity and transaction data. Tax authorities in EU member states are set to begin cross-border exchanges of those records on Sept. 30, 2027. Chainalysis added that the Crypto-Asset Reporting Framework, or CARF, currently covers about 14% of potentially taxable on-chain activity worldwide.

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Chainalysis estimates $9.4 billion in taxable on-chain crypto activity in France for 2025