The Information · France · European Union · Bitcoin · Cointelegraph
Bull Bitcoin asks French court to strike down DAC8 implementing decree
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◎ Multiple-sources
The non-custodial Bitcoin exchange petitioned to annul a French decree implementing DAC8, arguing the rules could create surveillance and physical risks for up to 135 million European crypto holders.
Key facts
- France implemented DAC8's crypto reporting rules through Decree No. 2025-1276, signed Dec. 19, 2025
- Wrench attacks increased by 75% in 2025 to 72 verified cases worldwide, according to cybersecurity company CertiK
- Under DAC8, crypto service providers must submit their first reports covering the 2026 calendar year by Sept
- The Crypto-Asset Reporting Framework (CARF) is a global crypto tax reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) that provides a common standard
Summary
Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France's Council of State (Conseil d'État) to strike down a French decree implementing the European Union's DAC8 crypto tax reporting rules. DAC8 requires crypto service providers to collect users' identity and transaction data and automatically report it to national tax authorities, which then exchange the information with their counterparts across EU member states. The exchange said in a Wednesday press release that DAC8 risks creating a “mass database” linking legal identity and home addresses, including transactions with no relevance to taxation. “Against a backdrop of daily data leaks and a surge in kidnappings targeting crypto-asset holders, building such a database endangers the physical safety of millions of holders and their loved ones.”