France

Regulated Partly Confirmed

France applies EU MiCA authorisation to crypto-asset service providers. The former national DASP transition ended on 1 July 2026, so providers need MiCA authorisation or a valid EU passport.

Autorité des marchés financiers / ACPR

Total Laws (incl. applicable EU-wide)

Effective Laws

At a Glance

Is holding crypto allowed?

Allowed

Is crypto trading allowed?

Regulated

Is P2P trading allowed?

Allowed

Are crypto payments allowed?

Allowed

Is crypto legal tender?

Is mining allowed?

Allowed

Is staking allowed?

Regulated

Is DeFi participation allowed?

Regulated

Are stablecoins allowed or regulated?

Regulated

Activity Status Matrix

Activity	Status	Details
Holding Crypto	Allowed	Is holding crypto allowed?
Crypto Trading	Regulated	Is crypto trading allowed?
P2P Trading	Allowed	Is P2P trading allowed?
Crypto Payments	Allowed	Are crypto payments allowed?
Legal Tender	No	Is crypto legal tender?
Mining	Allowed	Is mining allowed?
Staking	Regulated	Is staking allowed?
DeFi	Regulated	Is DeFi participation allowed?
Stablecoins	Regulated	Are stablecoins allowed or regulated?
NFTs	Regulated	Are NFTs allowed or regulated?
Token Launches	Regulated	Are token launches allowed?
Crypto Advertising	Regulated	Is crypto advertising allowed?
Banking Access	Regulated	Do crypto businesses have banking access?

Regulation Overview

MiCA governs crypto-asset issuance, stablecoins, public offers, market conduct and crypto-asset services in France. The Autorité des marchés financiers processes CASP authorisations with prudential involvement from the ACPR where relevant. France's earlier PACTE-law DASP regime has transitioned to MiCA, and old-only DASPs were delisted after the transition. Financial-instrument tokens remain under securities law; truly unique NFTs and fully decentralised arrangements require scope analysis.

Tax Information

Private occasional disposal gains are generally subject to a 30% combined flat rate, with an option for the progressive income-tax scale. Professional activity and businesses follow different rules.

Individual Tax Treatment

Taxable disposals into fiat, goods or services are calculated under the digital-asset portfolio method and reported with the required forms. Crypto-to-crypto exchanges can receive deferral treatment under the statutory conditions.

Business Tax Treatment

Professional dealing, mining, staking and corporate holdings are taxed under the applicable business or corporate regime. VAT and accounting treatment depend on the service and token.

Direction générale des Finances publiques

Business & Licensing

A professional CASP serving France requires MiCA authorisation from an EU competent authority and, where cross-border, the proper passport notification. Token issuers must satisfy applicable white-paper and stablecoin rules.

AML / KYC Requirements

CASPs must apply EU and French AML/CFT rules, customer due diligence, beneficial-owner checks, monitoring, travel-rule data, sanctions screening and suspicious-reporting obligations.

Primary Regulator

Autorité des marchés financiers / ACPR

amf-france.org

Crypto Laws & Regulations in France

Otherpartially_effective

Ordinance No. 2024-936 of 15 October 2024 on crypto-asset markets

Ordonnance n° 2024-936 du 15 octobre 2024 relative aux marchés de crypto-actifs

Ref: Ordonnance n° 2024-936

French Ordinance 2024-936 adapts French law to MiCA and the EU transfer-of-funds framework, setting national competent-authority powers and managing the transition from the PACTE Digital Asset Service Provider (DASP/PSAN) regime to EU MiCA authorisation. It coordinates French registration and authorisation rules with EU passporting.

LicensingAML/KYCExchanges

Official Source

Tax Ruleeffective