French Senate Adopts Bill For Automatic Crypto Tax Data
The French Senate has adopted a legislative bill authorizing the automatic exchange of crypto-asset tax information.
The French Senate adopted a bill seeking to authorize the automatic exchange of crypto tax information, according to Cointelegraph. The legislation builds upon the Organisation for Economic Co-operation and Development (OECD)-backed crypto tax reporting framework.
Legislative Progress
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The measure advances the country's regulatory alignment with international tax authorities. Implementation remains subject to the completion of the broader legislative process.
Key facts
- The French Senate adopted the bill for automatic crypto tax data sharing.
- The framework builds on OECD guidelines.
- Final enactment is pending the completion of the legislative process.
Source: cointelegraph.com
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