France has introduced a legislative proposal to share cryptocurrency transaction data with 48 countries, aiming to strengthen international efforts against tax evasion and financial fraud.
The bill, submitted by Jean-Noël Barrot, the Minister for Europe and Foreign Affairs, seeks to formalize information exchanges on digital assets across a broad network of jurisdictions.
The initiative reflects a growing global consensus on the need for transparent crypto markets.
By enabling cross-border data sharing, the French government intends to close loopholes that have historically allowed illicit actors to exploit the anonymity of digital currencies.
This aligns with broader regulatory trends in Europe and Asia, where authorities are increasingly treating crypto assets as financial instruments subject to strict oversight.
The proposal comes amid heightened scrutiny of the cryptocurrency sector.