On the 27th, the French Senate passed a bill agreeing to the international standard 'CARF (Crypto-Asset Reporting Framework)'. The bill will now proceed to the National Assembly (lower house) for deliberation.
CARF is an international standard developed by the OECD (Organisation for Economic Co-operation and Development) in 2022, aimed at preventing international tax evasion and avoidance using crypto-assets (cryptocurrencies). Under this framework, trading operators in each country are required to report transaction information of non-residents to their own tax authorities, who will then share this information with the tax authorities of the country where the non-residents reside...
