France faces $9.4B crypto tax reporting test: Chainalysis

Chainalysis estimated on Aug. 26 that France generated about $9.4 billion in potentially taxable crypto activity during 2025, placing the country among the world’s 15 largest markets covered by its latest crypto tax study. Summary Chainalysis estimated global potentially taxable crypto activity reached $457 billion across six blockchains during 2025. France accounted for estimated $9.4 billion in income, gains, and crypto payment activity during 2025. French taxpayers reported €368 million in crypto gains for 2024 through approximately 24,000 tax filings submitted. DAC8 requires providers to collect 2026 transaction data, with first exchanges due September 30, 2027. Chainalysis cautioned its estimates exclude exchange-internal activity and may understate total taxable economic income worldwide. The estimate included $1.7 billion in crypto income, $2.5 billion in realized gains and $5.2 billion in crypto payments. It arrives as France prepares to receive detailed customer and transaction data under the European Union’s DAC8 tax reporting system and the OECD’s Crypto-Asset Reporting Framework, or CARF. Chainalysis Says Crypto Tax Non-Compliance May Top 90% Ahead of France’s 2027 Repo...