Bitcoin alternate Bull Bitcoin stated 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 guidelines.
DAC8 requires crypto service suppliers to gather customers’ identification and transaction information and mechanically report it to nationwide tax authorities, which then alternate the knowledge with their counterparts throughout EU member states. The directive went into impact on Jan. 1, 2026.
The alternate stated in a Wednesday press launch that DAC8 dangers making a “mass database” linking authorized identification and residential addresses, together with transactions with no relevance to taxation.
“Towards a backdrop of each day information leaks and a surge in kidnappings focusing on crypto-asset holders, constructing such a database endangers the bodily security of thousands and thousands of holders and their family members.”
Bull Bitcoin stated it filed a abstract petition earlier than the Conseil d’État on Feb. 24, adopted by a substantive authorized transient outlining its arguments. The alternate stated it intends to pursue “each respectable avenue to droop, delay, annul or amend the consequences of DAC8 and its international counterpart, the CARF.”
The Crypto-Asset Reporting Framework (CARF) is a worldwide crypto tax reporting framework developed by the Organisation for Financial Co-operation and Growth (OECD) that gives a typical customary for jurisdictions to gather and alternate info on crypto transactions.
Associated: French couple robbed of $1M in Bitcoin by criminals posing as police
Bull Bitcoin warns DAC8 leak may expose crypto holders
Underneath DAC8, crypto service suppliers should submit their first experiences masking the 2026 calendar 12 months by Sept. 30, 2027, after which tax authorities in EU member states will mechanically alternate the knowledge.
France carried out DAC8’s crypto reporting guidelines by means of Decree No. 2025-1276, signed Dec. 19, 2025.
France has emerged as one of many nations most affected by so-called wrench assaults, through which victims are threatened or assaulted to power the switch of digital property. In April, RTL reported that French police had counted 41 crypto-related kidnappings because the begin of 2026.
Wrench assaults elevated by 75% in 2025 to 72 verified instances worldwide, based on cybersecurity firm CertiK. France noticed essentially the most incidents throughout 2025, with 19 confirmed wrench assaults, whereas Europe accounted for roughly 40% of worldwide incidents.
Bull Bitcoin’s warning additionally comes after main crypto companies have suffered buyer information breaches. In Might 2025, Coinbase stated that lower than 1% of its transacting month-to-month customers had been affected in an assault which will value the alternate as much as $400 million in reimbursement bills.
Journal: From Bitcoin critics to blockchain believers: The 5 greatest crypto backflips