France\'s Senate adopted a bill to allow automatic exchange of cryptocurrency transaction tax information with foreign tax authorities. The measure, based on the OECD\'s Crypto-Asset Reporting Framework, also covers amendments to existing financial account information exchange rules. France has introduced crypto reporting obligations under its 2025 finance law reflecting the EU\'s DAC8. Wider data sharing has raised security concerns, with critics warning that centralised EU storage could heighten exposure risks.

South Korea\'s financial authorities are pushing to introduce a fast-track resolution regime that would allow troubled financial firms to be wound down in as little as 3 to 4 days. The plan would let authorities skip existing procedures such as bidding and shareholder meetings in emergencies where a crisis could spread across financial markets. The Financial Services Commission said it will seek amendments to the financial industry restructuring law and the deposit protection law, while adding post-resolution compensation safeguards for shareholders and creditors.