---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["FR", "FRA"]
created: 2026-08-31
updated: 2026-02-15
compile_into: ["[[country--france]]"]
sources:
  - name: "AMF"
    url: "https://www.amf-france.org"
    type: "official"
  - name: "Légifrance"
    url: "https://www.legifrance.gouv.fr"
    type: "official"
  - name: "EU [[concept--mica|MiCA]] Regulation"
    url: "https://eur-lex.europa.eu"
    type: "official"
  - name: "impots.gouv.fr: taxation of digital asset gains"
    url: "https://www.impots.gouv.fr/particulier/questions/comment-declarer-les-plus-ou-moins-values-sur-cessions-dactifs-numeriques"
    type: "official"
  - name: "Service Public Entreprendre: PFU rate 31.4%"
    url: "https://entreprendre.service-public.fr/actualites/A18796"
    type: "official"
  - name: "taxsummaries.pwc.com"
    url: "https://taxsummaries.pwc.com/quick-charts/corporate-income-tax-cit-rates"
    type: "reference"
---

# 🇫🇷 [[country--france|France]] (FR): Crypto Regulation

> France regulates cryptocurrency under the EU MiCAR framework and the national PACTE law, with the AMF overseeing market integrity and investor protection. The regulatory environment is clear and supportive of crypto activities, with active supervision and enforcement.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | High |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |
| Adoption Rank | #15 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 31.4% flat tax (PFU: 12.8% income tax plus 18.6% social levies) since 1 January 2026 |
| Capital Gains (Corporate) | 25% corporate income tax |
| VAT on Crypto | No |
| Mining Tax | Mining income taxed as commercial income under corporate tax rules |
| Staking Tax | Taxed as income at personal income tax rates |
| Airdrop Tax | Taxed as miscellaneous income |

Gains on disposals of digital assets by individuals managing private wealth are taxed at the 31.4% flat tax (12.8% income tax plus 18.6% social levies, following the 1.4 point CSG increase on 1 January 2026), with an option for the progressive scale. Crypto-to-crypto swaps are not taxable and annual disposals totalling EUR 305 or less are exempt. Professional trading, mining and staking are taxed as non-commercial profits (BNC). Companies pay 25% corporate income tax.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--amf|AMF]] |
| Framework | Markets in Crypto-Assets Regulation (MiCAR) and PACTE Law |
| Ease | medium |
| Cost | $30,000 - $250,000 |
| Timeline | 4-12 months |

Licensing is required for crypto service providers under MiCAR and PACTE, with moderate regulatory requirements enforced by the AMF.

## Laws & Regulations

| Name | Year | Status | Scope |
|------|------|--------|-------|
| [Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) | 2023 | active | supranational |
| [Regulation (EU) 2023/1113 on Transfer of Funds and Certain Crypto-Assets (TFR)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1113) | 2023 | active | supranational |
| [Council Directive (EU) 2023/2226 (DAC8)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023L2226) | 2023 | active | supranational |
| [Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector (DORA)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32022R2554) | 2022 | active | supranational |
| [Directive (EU) 2018/843 (5th Anti-Money Laundering Directive)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32018L0843) | 2018 | active | supranational |
| [Directive (EU) 2018/1673 on Combating Money Laundering by Criminal Law (6AMLD)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32018L1673) | 2018 | active | supranational |
| [Regulation (EU) 2024/1624 on Anti-Money Laundering Requirements (AML Regulation)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624) | 2024 | active | supranational |
| [Commission Delegated Regulation (EU) 2024/2795 supplementing MiCA](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R2795) | 2024 | active | supranational |

Establishes a comprehensive EU framework for crypto-asset service providers (CASPs), stablecoin issuers (ART/EMT), and trading platforms; prohibits market abuse in crypto-assets; full application from 30 December 2024.
Extends [[concept--fatf|FATF]] Travel Rule to crypto-asset transfers; requires CASPs to collect and transmit originator/beneficiary information for all transfers, removing the EUR 1000 threshold; applies from 30 December 2024.
Amends Directive 2011/16/EU to require mandatory automatic exchange of information on crypto-asset transactions held by EU tax residents; CASPs must report to national tax authorities from 1 January 2026.
Mandates ICT risk management, incident reporting, third-party provider oversight, and digital operational resilience testing for financial entities including CASPs covered by MiCA; applies from 17 January 2025.
First EU directive to bring crypto-asset exchange services and custodian wallet providers within AML/CFT scope; introduced KYC obligations and registration requirements for Virtual Asset Service Providers.
Harmonises criminal-law definitions and penalties for money laundering across EU member states; establishes minimum custodial sentences and corporate liability rules applicable to crypto-related ML offences.
Replaces 5AMLD/6AMLD with a single AML Regulation directly applicable in all member states; tightens KYC/CDD requirements for CASPs and sets EUR 1000 cash-equivalent threshold for crypto transactions; phased application 2027.
MiCA Level 2 delegated act setting regulatory technical standards on information requirements and procedures for competent authority notifications under MiCA; part of the MiCA implementation package applicable from December 2024.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** regulated

DeFi activities fall under the scope of MiCAR and are regulated accordingly, with emphasis on investor protection and compliance.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under MiCAR, requiring authorization and compliance with prudential and consumer protection rules.

## NFTs

**Status:** Unclear

AMF has not issued NFT-specific regulation. Under MiCA, unique NFTs are excluded but fungible-like NFTs may fall under regulation. AMF follows ESMA guidance.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.13/kWh |
| Renewable Energy | 25% |
| Climate | temperate |
| Infrastructure | excellent |

Mining is legal with moderate electricity costs and good infrastructure; renewable energy share is moderate.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 69/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |
| Sanctions Programs Active | Yes |

### Recent Political Events

- 2026-05-15: EU MiCAR fully implemented across member states: Provides a harmonized regulatory framework enhancing legal certainty for crypto businesses in France

## Enforcement

AMF has blacklisted unauthorized crypto platforms and issued fines for AML failures. In 2025, AMF penalized DASPs for compliance failures and placed entities on its warning list.

## CBDC Status: pilot

## FAQ

### Is cryptocurrency legal in France?

France regulates cryptocurrency under the EU MiCAR framework and the national PACTE law, with the AMF overseeing market integrity and investor protection. The regulatory environment is clear and supportive of crypto activities, with active supervision and enforcement.

### What is the FATF status of France?

France is classified by FATF as: compliant.

### Are VASPs licensed in France?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in France?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-08-31.*

**Sources:**
- [AMF](https://www.amf-france.org)
- [Légifrance](https://www.legifrance.gouv.fr)
- [EU MiCA Regulation](https://eur-lex.europa.eu)
- [impots.gouv.fr: taxation of digital asset gains](https://www.impots.gouv.fr/particulier/questions/comment-declarer-les-plus-ou-moins-values-sur-cessions-dactifs-numeriques)
- [Service Public Entreprendre: PFU rate 31.4%](https://entreprendre.service-public.fr/actualites/A18796)
- [taxsummaries.pwc.com](https://taxsummaries.pwc.com/quick-charts/corporate-income-tax-cit-rates)