Altcoins News
By Jean-Luc Maracon
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What the $9.4 Billion Actually Means. A payment of $1,000 in crypto doesn't automatically mean a capital gain of $1,000.
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DAC8 and the Compliance Gap. France isn't dealing with this alone. Globally, Chainalysis puts potentially taxable crypto…
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France sits at number 13 on Chainalysis's global ranking for potentially taxable crypto activity, with an estimated $9.4 billion on the line for 2025.
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That figure covers transactions across Bitcoin, Ethereum, and Solana, among other major blockchains.
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A payment of $1,000 in crypto doesn't automatically mean a capital gain of $1,000. French tax rules are more granular than that.
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Chainalysis separately estimates $2.5 billion in gains for France, which is a narrower slice.
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The declared numbers, for what it's worth, are moving fast. In 2024, nearly 24,000 French taxpayers declared €368 million in net capital gains from crypto.
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Still, stacking the €368 million against the $9.4 billion doesn't work cleanly. The €368 million is declared net capital gains from 2024. The $9.
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See also: Bitcoin Miners Halt Sales After $30 Billion AI Infrastructure Investment
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France isn't dealing with this alone. Globally, Chainalysis puts potentially taxable crypto activity at $457 billion for 2025. The European Union's share comes in at $125.
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The main tool coming down the pipeline is DAC8 — a European directive that France will implement alongside its EU partners.
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But here's the catch. DAC8 is expected to cover only about 14% of potentially taxable crypto activities.
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Reconciling what providers report with what's actually happening on-chain — and then matching that to individual taxpayer situations — is going to be genuinely hard.
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Related: Zcash Hits $20 Billion Market Cap After Grayscales ZCSH ETF Debut Sparks 45% Surge
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The compliance picture elsewhere in Europe isn't great either. The Chainalysis report references a Swedish tax administration study finding that more than 90% of individuals…
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