Bitcoin News
By Jean-Luc Maracon
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What the Proposal Specifically Entails. The mechanism is quite clear on paper. Crypto platforms registered in the EU will be required to…
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Renaud Lifchitz Sounds the Alarm. Not everyone is convinced it's a good idea. Renaud Lifchitz, a crypto security expert, warns of…
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France submitted a draft law to the Senate on July 27, aiming to authorize a multilateral agreement to exchange cryptocurrency transaction data with 48 countries worldwide.
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The initiative is led by Jean-Noël Barrot, Minister of Europe and Foreign Affairs. Specifically, the agreement would allow French tax authorities to share—and receive—detailed…
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The mechanism is quite clear on paper. Crypto platforms registered in the EU will be required to transmit information about all transactions conducted since the beginning of 2026…
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The rationale behind the proposal is to fill gaps in the current system. Many crypto-asset holders use platforms outside the EU or hold assets in territories that do not yet…
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The crypto-asset market has experienced massive growth in recent years. Transaction volumes have exploded, investor profiles have diversified, and tax authorities in many…
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See also: The Calm of the Crypto Weekend Sets the Stage for the Week's Stories
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Not everyone is convinced it's a good idea. Renaud Lifchitz, a crypto security expert, warns of the risks associated with increased data collection.
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Related: Weekend Crypto Calm Sets Stage for Week Ahead Narratives
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The issue of data security cannot be separated from the fiscal debate here. Sharing user identities with 48 states assumes that each of these states has robust data protection…
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For now, the proposal is in the Senate. It still needs to go through the usual stages of the French legislative process before coming into force.
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See also: La Rosa Holdings Holds $8.14M in Crypto Despite a $13.5M Loss in One Quarter
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Crypto platforms will have to adapt. Broader disclosure obligations, enhanced compliance, and likely high implementation costs.
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Read also: Coldcards $90 Million Bitcoin Loss Exposes Hardware Wallet Security Gap
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