Chainalysis estimates crypto tax non-compliance may exceed 90%

France’s taxable cryptocurrency activity is on track to hit $9.4 billion in 2025, according to Chainalysis. The amount French taxpayers actually reported in crypto gains last year? A comparatively tiny €368 million. The numbers tell a stark story Chainalysis broke down France’s $9.4 billion in estimated taxable crypto activity into three categories. Capital gains account for $2.5 billion. Income from activities like mining and staking contributes another $1.7 billion. And payments, the largest bucket, represent $5.2 billion. Compare that to what French taxpayers actually declared. For the 2024 income year, just 24,000 individuals reported a combined €368 million in net gains. The year before was even thinner: roughly 7,700 taxpayers declared €150.8 million. François Volpoet, Director of Chainalysis France, pointed to these trends as evidence of a systemic underreporting problem. The 90%-plus non-compliance estimate tracks with Chainalysis’ global analysis, which pegs potentially taxable on-chain activity at over $457 billion worldwide in 2025, with only about 14% expected to comply with emerging reporting frameworks. New EU rules are coming, but not yet Starting January 1, 2026, th...