{"id":77879,"date":"2026-09-08T10:55:11","date_gmt":"2026-09-08T10:55:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/over-90-of-frances-crypto-gains-go-undeclared\/"},"modified":"2026-09-08T10:55:11","modified_gmt":"2026-09-08T10:55:11","slug":"over-90-of-frances-crypto-gains-go-undeclared","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/over-90-of-frances-crypto-gains-go-undeclared\/","title":{"rendered":"Over 90% of France&#8217;s Crypto Gains Go Undeclared"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Chainalysis put France\u2019s 2025 taxable crypto activity at $9.4 billion across income, gains and payments.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Only 24,000 French taxpayers declared \u20ac368 million ($427M) in net gains for the 2024 income year.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">EU data sharing under DAC8 begins exchanging records internationally from Sept. 30, 2027.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Two Numbers That Don\u2019t Match<\/h2>\n<p>A quick look at the numbers and the problem states itself. Blockchain analytics firm Chainalysis puts potentially taxable crypto activity in France at <a href=\"https:\/\/www.chainalysis.com\/blog\/crypto-tax-reporting-carf\/\" target=\"_blank\" rel=\"noopener noreferrer\">$9.4 billion for 2025<\/a>, split into $5.2 billion in payments, $2.5 billion in capital gains and $1.7 billion in income from sources such as mining and staking.<\/p>\n<p>French tax filings tell the story as follows:<\/p>\n<ul>\n<li>For the 2024 income year, about 24,000 individuals declared a combined \u20ac368 million ($427M) in net gains.<\/li>\n<li>The figure was up from roughly 7,700 taxpayers and \u20ac150.8 million ($175M) the year before, but still a fraction of the activity the chain records.<\/li>\n<\/ul>\n<p>The two figures are not strictly comparable given taxable activity is not the same as taxable profit, and only the gains component of that $9.4 billion would translate into a capital gains bill. Even after that adjustment, the distance between what the blockchain shows and what the state sees remains wide.<\/p>\n<p>Chainalysis has said non-compliance <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2097150647720353999\" target=\"_blank\" rel=\"noopener noreferrer\">may exceed 90%<\/a> in some countries, an estimate Fran\u00e7ois Volpoet, who directs the firm\u2019s France operations, has tied to exactly this pattern of underreporting. The company\u2019s own report reaches for a comparison from Sweden, where it notes more than 90% of people did not report their crypto activity.<\/p>\n<h2>What Chainalysis Actually Measured<\/h2>\n<p>The France number sits inside a global exercise as Chainalysis estimates <a href=\"https:\/\/www.chainalysis.com\/blog\/crypto-tax-reporting-carf\/\" target=\"_blank\" rel=\"noopener noreferrer\">more than $457 billion<\/a> in potentially taxable onchain activity worldwide during 2025. To elaborate:<\/p>\n<ul>\n<li>Europe accounted for $125.1 billion of that total.<\/li>\n<li>United States accounted for $112.6 billion.<\/li>\n<li>China registered about $21 billion <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/giant-hole-in-global-crypto-tax-net-chinas-taxable-crypto-only-1-5th-of-the-us\/\">despite an onshore trading ban.<\/a><\/li>\n<\/ul>\n<p>France\u2019s rules make the stakes concrete since net capital gains from crypto face a flat rate of 31.4%, with an annual exemption threshold of just \u20ac305 (approx. $350), meaning the vast majority of realized profits are technically reportable. Applied to billions in activity, a 90% miss rate is not a rounding error.<\/p>\n<h2>The 2027 Deadline<\/h2>\n<p>The European Union\u2019s eighth Directive on Administrative Cooperation, <a href=\"https:\/\/taxation-customs.ec.europa.eu\/taxation\/tax-transparency-cooperation\/administrative-co-operation-and-mutual-assistance\/directive-administrative-cooperation-dac\/dac8_en\" target=\"_blank\" rel=\"noopener noreferrer\">known as DAC8<\/a>, took effect on Jan. 1, 2026. It requires crypto service providers operating in member states to collect detailed identity and transaction data on their users and hand it to national tax authorities. Those authorities then begin <a href=\"https:\/\/news.bitcoin.com\/tax-authorities-in-eu-to-share-transaction-data-reported-by-crypto-firms\/\">exchanging records across borders<\/a> from Sept. 30, 2027.<\/p>\n<p>DAC8 is the EU\u2019s implementation of the Crypto-Asset Reporting Framework, or CARF, an Organization for Economic Cooperation and Development standard that dozens of <a href=\"https:\/\/news.bitcoin.com\/48-countries-commit-to-crypto-transparency-as-new-reporting-framework-takes-hold\/\">countries have committed<\/a> to adopting. The effect is to move crypto onto the same automatic information-sharing footing that banking has operated under for years.<\/p>\n<p>However, as expected, not everyone seems to be cool with the directive. For instance, crypto exchange <a href=\"https:\/\/news.bitcoin.com\/tax-authorities-in-eu-to-share-transaction-data-reported-by-crypto-firms\/\">Bull Bitcoin has mounted<\/a> a legal challenge in France seeking to strike down the decree implementing DAC8 in national law.<\/p>\n<h2>The 86% That Still Escapes<\/h2>\n<p>Chainalysis calculates that CARF <a href=\"https:\/\/www.chainalysis.com\/blog\/crypto-tax-reporting-carf\/\" target=\"_blank\" rel=\"noopener noreferrer\">captures only about 14%<\/a> of global taxable activity, leaving roughly 86% outside its practical scope. The gap, however, is structural given CARF is built around centralized intermediaries that already identify their customers. Self-custody wallets, decentralized exchanges, peer-to-peer transfers and onchain income streams have no intermediary to compel, so they generate taxable events that no reporting regime currently sees.<\/p>\n<p>There is a second problem specific to France. The country has recorded <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/giant-hole-in-global-crypto-tax-net-chinas-taxable-crypto-only-1-5th-of-the-us\/\">36 physical attacks<\/a> on crypto holders in the first eight months of 2026, 64% more than in all of 2025, with leaked tax authority data among the factors blamed. Collecting more identity data solves one problem while sharpening another.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/france-crypto-tax-gap-chainalysis-dac8-carf-2027\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Chainalysis put France\u2019s 2025 taxable crypto activity at $9.4 billion across income, gains and payments. Only 24,000 French taxpayers declared \u20ac368 million ($427M) in net gains for the 2024 income year. EU data sharing under DAC8 begins exchanging records internationally from Sept. 30, 2027. The Two [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":77880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77879"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77879"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77880"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}