Chainalysis says France crypto tax noncompliance rate may exceed 90%

The rate of unreported or unfulfilled crypto tax obligations in France may exceed 90%, according to a Chainalysis analysis. Chainalysis said there is a wide gap in France’s crypto tax reporting system between potentially taxable crypto activity and actual tax filings. For the 2024 income year, only 24,000 individuals reported net gains from crypto, with total declared net gains of €368 million ($394.9 million). In the previous year, about 7,700 taxpayers reported a combined €150.8 million ($161.7 million) in gains. The trend shows crypto tax reporting is structurally not being carried out properly, Chainalysis said. The estimate that nonreporting and noncompliance could exceed 90% also aligns with the broader global picture. Chainalysis previously estimated that potentially taxable on-chain activity worldwide would exceed $457 billion in 2025, while only about 14% was expected to comply with new reporting frameworks.