France Seeks Global Crypto Tax Data Sharing Amid Wrench Attack Surge

France is moving to strengthen its grip on cryptocurrency users by pushing a bill that would allow it to share tax data with 48 countries. The bill, introduced by Jean-Noël Barrot, Minister for Europe and Foreign Affairs, aims to implement the Crypto-Asset Reporting Framework (CARF) developed by the OECD.

The CARF framework enables the automatic exchange of specific crypto information, including transactions, user names, addresses, tax identification numbers, residence, and aggregate value transacted. This data would be shared with countries that have subscribed to the agreement signed in Paraguay in November 2024.

The bill seeks to enshrine this framework as law in France, expanding the automatic exchange of crypto info internationally. This comes on the heels of a surge in 'wrench attacks' - violent incidents associated with cryptocurrency thefts - that have occurred in France.