Regulation· ★★★★· bearish·

French Senate moves to approve CARF, exposing offshore crypto to tax authorities

  • —The CARF was signed by 48 states in Asunción on November 26, 2024, including France
  • —First data exchanges in 2027 will cover 46 jurisdictions, France among them
  • —Switzerland and Singapore join in 2028, the US in 2029
  • —EU platforms have collected data under DAC8 since January 1, 2026
Why it matters: French holders of crypto on offshore exchanges will lose tax anonymity, with a levy on stablecoin conversions likely to follow.
Source: Journal du Coin
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