French Senate Backs Bill on Cross-Border Crypto Tax Data Sharing
Edited by Steinar Vigdel Kolnes, Editor, Oslo
France’s Senate has approved a bill to allow automatic exchanges of crypto tax data between countries, but the legislative process is not yet complete.
The French Senate has approved legislation that would permit tax authorities to automatically share information on crypto assets with their counterparts abroad.
The bill addresses cross-border exchanges of crypto-related tax information, providing authorization for authorities to transmit that data automatically.
Senate approval is a legislative step rather than final enactment. The proposal still needs to complete the lawmaking process before it can take effect.
Source: Cointelegraph
