France’s Senate approved on the 27th a bill supporting the OECD’s CARF, an international framework for reporting and exchanging crypto-asset tax data, sending it to the National Assembly for consideration. Under CARF, crypto-asset service providers report non-residents’ transaction information to their domestic tax authorities, which automatically exchange it with the tax authorities of the users’ countries of residence. The OECD developed CARF in 2022 to help prevent cross-border tax evasion and avoidance, and Japan has already approved the framework. France has also expanded crypto-tax reporting under the European Union’s DAC8 regime. The broader sharing of personal financial data has raised concerns about centralized breaches, particularly after 33 of the 52 physical attacks globally identified against crypto holders during the first half of 2026 occurred in France.