COINTELEGRAPH · 2026-10-29 15:00 UTC

French Senate adopts bill for automatic sharing of crypto tax data

French Senate adopted a bill enabling automatic exchange of crypto transaction data with foreign tax authorities, based on OECD's Crypto-Asset Reporting Framework (CARF). France is implementing DAC8 rules requiring crypto service providers to report customer identities and transaction data to tax authorities across EU countries. Security experts warn that a planned EU central crypto data repository by end of 2026 could create a 'single point of failure,' with France experiencing 33 of 52 verified wrench attacks globally in first half of 2026.

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