French Senate adopts bill for automatic sharing of crypto tax data

The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process. The French Senate adopted a bill to allow tax authorities to automatically exchange crypto transaction data with their foreign counterparts. The bill passed its first reading on Tuesday and was then transmitted to the National Assembly as Bill no. 3421 for consideration. The bill covers an agreement on exchanging crypto tax information and an update to an existing agreement on financial account information.