Approval would not change crypto taxes
CARF would give France a legal basis to automatically share crypto-asset tax information with participating jurisdictions. It aims to help authorities track taxable activity across borders by bringing digital assets into international reporting arrangements similar to those for traditional financial accounts.
According to the Senate report and French coverage, approval would neither introduce a tax nor alter France's existing treatment of cryptocurrency. Instead, it would make information already gathered by platforms available to tax authorities.
The bill addresses two agreements. Its first article approves the OECD's CARF multilateral competent authority agreement. The second approves an addendum to the 2014 agreement on automatic exchange of financial account information, extending its scope to electronic money and central bank digital currencies, including the planned digital euro, according to Journal du Coin.
Foreign Minister Jean-Noël Barrot submitted the bill on July 27, 2026, using an accelerated procedure that limits consideration to one reading in each chamber. The Senate considered it first. Its finance committee adopted the text unchanged on October 21, following report No. 83 by rapporteur Emmanuel Capus, ahead of the October 27 plenary vote.
What providers would report
Reporting providers would have to identify users and record their tax residency, tax identification numbers and transaction information. The required transaction data includes aggregate values for each transaction type.
The obligation is not limited to crypto exchanges. Journal du Coin reports that brokers, dealers and crypto ATM operators must also report their clients' transactions.
Certain transfers to self-custody wallets would also be reportable. Users hold their own private keys in these wallets; reporting a transfer would not give tax authorities direct access to the wallet itself.
Exchange rules and privacy conditions
France signed the multilateral agreement in Asunción on November 26, 2024. Separately, domestic collection of data under the EU's DAC8 rules began on January 1, 2026. DAC8 information covering 2026 is due to be exchanged for the first time by September 30, 2027.
The CARF agreement calls for annual exchanges through a common secure electronic format, with information sent within nine months of the end of the relevant calendar year.
A signature alone does not open a data-sharing channel. Before exchanges can begin between two jurisdictions, each must complete the required notifications and name the other as an exchange partner.
France also intends to make compliance with the EU's General Data Protection Regulation a condition for its exchange partners. According to the Senate report, jurisdictions that cannot meet those protections would be excluded from exchanging information with France under the arrangement.
International rollout begins in 2027
The first CARF exchanges are scheduled for 2027, with 46 jurisdictions expected in the initial phase, including France, Germany, the United Kingdom, Japan and Canada.
The OECD Global Forum's September 14, 2026, commitment list puts total participation commitments at 77 jurisdictions: 46 are to begin exchanging information by 2027, another 27 by 2028 and four by 2029. Switzerland, Singapore, Hong Kong and the United Arab Emirates are among the 2028 group. The United States, Argentina, Azerbaijan and Mexico make up the 2029 group.
The same list identifies El Salvador, Georgia, India and Vietnam as relevant jurisdictions that had not yet committed to implementing CARF. India was described as being in the process of making a commitment.
