---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["FR", "FRA"]
created: 2026-04-13
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"
---

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

> France has a clear regulatory framework for crypto assets under the EU MiCAR regulation and the national PACTE law. The AMF oversees crypto service providers and enforces licensing and investor protection rules.

## 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) | 30% flat tax (PFU: 12.8% income tax + 17.2% social contributions) or progressive option |
| Capital Gains (Corporate) | 25% standard corporate tax rate |
| VAT on Crypto | No |

VAT applies to crypto transactions; other specific tax rates are not detailed in the source.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--amf|AMF]] |
| Framework | MiCAR (EU 2023/1114) and PACTE Law (2019) |
| Ease | medium |
| Cost | $30,000 - $250,000 |
| Timeline | 4-12 months |

From July 1, 2026, crypto service providers must be authorized under MiCA to operate legally in France.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** regulated

DeFi activities fall under the MiCAR framework and are subject to regulatory oversight by the AMF.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the MiCAR framework with specific requirements for issuance and service providers.

## 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 | good |

Mining is legal with moderate electricity costs and a temperate climate favorable for cooling.

## Geopolitics

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

## 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

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [AMF](https://www.amf-france.org)
- [Légifrance](https://www.legifrance.gouv.fr)
- [EU MiCA Regulation](https://eur-lex.europa.eu)