France's $9.4 Billion Crypto Tax Tab Raises Concerns Over Non-Compliance

Crypto tax reporting is under scrutiny in France, where Chainalysis estimates $9.4 billion in potentially taxable activity occurred in 2025.

The blockchain analytics firm found that on-chain income, realized gains, and crypto-denominated payments totaled the estimated total.

Chainalysis based its study on data from six popular blockchains, including Bitcoin, Ethereum, Solana, Tron, BNB Smart Chain, and Base.

The firm warned that centralized exchanges often process transactions within internal systems inaccessible to public blockchains, potentially understating global estimates of taxable activity.