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Since January 1, 2026, crypto-asset service providers must identify their users and report their transactions every year. We support you on both the tax and the technical side.
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The DAC8 directive (Directive (EU) 2023/2226), transposed by the 2025 Finance Act into Articles 1649 AC bis to 1649 AC sexies of the French Tax Code (Code général des impôts, hereafter "FTC") and detailed by Decree No. 2025-1276 of December 19, 2025, requires crypto-asset service providers to:
Reporting failures can cost up to €2,000,000 per year.
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Crypto-asset service providers with a link to France: authorized by the French authorities (or notified, in the case of credit institutions), tax resident in France, incorporated under French law, or managed from France or with their usual place of business in France. Staking and crypto-asset lending services fall within the scope.
The return covers exchanges between crypto-assets or against fiat currency, and transfers of crypto-assets from or to a user's account or address. Reportable users are residents of France or of a partner jurisdiction, as well as certain entities they control. Excluded are, in particular, listed companies, public entities and financial institutions other than investment entities.
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Collection and verification of each user's identification information, retention of the data and of the steps taken, prior notice to users that their data will be transmitted. A user who fails to provide their information after two reminders and a 60-day period must no longer be able to carry out transactions. The provider may entrust these procedures to a third party but remains liable for them.
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For platforms connecting sellers and buyers, the DAC7 directive sets out comparable obligations. To learn more, read our article on the transposition of DAC8.
DAC8 requires cross-referencing customer data, transaction data and tax rules. Our experience with DAC7 reporting obligations allows us to cover both sides.
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Directive (EU) 2023/2226, known as DAC8, extends administrative cooperation between Member States to crypto-assets. It brings the OECD Crypto-Asset Reporting Framework (CARF) into EU law and requires crypto-asset service providers to report their users' transactions, this information then being exchanged between tax authorities.
Crypto-asset service providers authorized in France, or with their tax residence, registered office or management there, including for staking and lending services. The providers concerned must register with the tax authorities.
Exchanges between crypto-assets, exchanges between crypto-assets and fiat currency, and transfers of crypto-assets to or from a user's account or address, carried out from January 1, 2026.
Every year, by June 15 at the latest, for the transactions of the previous year. The first return is due on June 15, 2027 for 2026 transactions.
A fine of €15 per transaction not reported, reported late or reported inaccurately, capped at €2,000,000 per year, and a fine of up to €50,000 for breaches of due diligence obligations.
DAC7 targets platforms that connect sellers and buyers (sales, services, rentals); DAC8 targets crypto-asset service providers. Both follow the same logic: identify users, verify their information and report annually to the tax authorities.