Bull Bitcoin asks France court to void DAC8 decree over holder safety risks

Bull Bitcoin said it has petitioned France's Conseil d'État to annul the decree implementing the European Union's DAC8 crypto tax reporting rules, arguing the regime would force crypto service providers to collect identity and transaction data and feed a cross-border database that could expose users to privacy breaches and physical threats. DAC8 took effect on Jan. 1, 2026 and requires crypto service providers to automatically report user identity and transaction information to national tax authorities, with data then shared across EU member states. Bull Bitcoin says that system would create a large repository linking legal identities and residential addresses, including information from transactions it says may have no tax connection. The non-custodial exchange argues the decree creates surveillance and security risks for European crypto users in an environment of recurring data breaches and kidnappings targeting holders. It says as many as 135 million European crypto holders could ultimately be affected. The case underscores a broader clash between tax-enforcement efforts and privacy concerns in digital-asset markets, and its outcome could shape how DAC8 is applied in France and more widely across the EU.