Chainalysis: Over 90% of Crypto Gains in France Remain Unreported

Chainalysis estimates that potential taxable crypto activity in France will reach $9.4 billion by 2025, including payments, capital gains, and staking income. Despite this, only 24,000 French taxpayers reported net gains in 2024, totaling 368 million euros. Chainalysis notes that non-compliance rates in some countries may exceed 90%. The EU's DAC8 directive, effective January 1, 2026, mandates that crypto service providers collect user and transaction data, with cross-border information sharing among tax authorities scheduled to begin on September 30, 2027.