Bull Bitcoin sues Council of State to challenge DAC8

New European tax rules on cryptocurrencies cause controversy in France

New European tax rules on cryptocurrencies have caused controversy in France. Unmanaged trading platform Bull Bitcoin has filed a lawsuit with the French Supreme Administrative Court seeking to revoke the decree issued by France to implement the DAC8 directive. The company believes this reporting system may expose users to surveillance and security risks. According to him, the consequences will go far beyond the scope of the tax framework and could affect nearly 135 million Bitcoin holders in Europe.

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Bull Bitcoin has filed a lawsuit with the French Supreme Administrative Court, seeking to revoke the decree issued by France to implement the DAC8 directive. The platform believes that DAC8 created a sensitive database that associates user identities with their cryptocurrency transactions. The first report required by DAC8 must be submitted to the tax authority before September 30, 2027. Against the backdrop of increasing cyber attacks and kidnappings against cryptocurrencies, Bull Bitcoin warns of the risk of data breaches. This case may become the first major legal test for DAC8 \'s implementation in France.

Bull Bitcoin challenges French decree in the Supreme Administrative Court

Bull Bitcoin announced that it has filed a lawsuit with the French Supreme Administrative Court, seeking to revoke France\'s decree on new reporting obligations on crypto assets established to implement the European DAC8 Directive. The platform said in a press release that it had filed an emergency application on February 24 and would subsequently submit a detailed legal opinion to elaborate on its arguments. The company made it clear that it will use all available resources to suspend, postpone, modify or revoke the impact of the regulation. The company believes the regulation turns \"know your customers\" into \"destroy your customers.\"

\"We cannot let the foundation of civilization be shaken by this attack on privacy. We must draw a clear line and refuse to give in another step before losing everything. Someone has to step up. It seems that no one else is willing or capable of doing this. So Bull Bitcoin has a responsibility to lead this fight.\" Bull Bitcoin CEO Francis Pouliot said in a company press release.

Bull Bitcoin believes that the new obligations imposed on digital asset service providers far exceed tax requirements. It believes that the systematic collection of identity data and transaction information could lead to the creation of a vast database linking legal identities to addresses used for transactions. The platform believes that this centralization poses a significant risk to holders of Bitcoin and other cryptocurrencies.

The platform also emphasized that this risk arises in the context of frequent large-scale data breaches in this field. It specifically mentioned that in May 2025, Coinbase reported a cyber attack that affected less than 1% of its monthly active users, with potential compensation costs of up to $400 million.

DAC8 stipulates automatic sharing of tax data

Starting from January 1, 2026, DAC8 requires cryptocurrency service providers to collect user identity information and their transaction data. The company must then automatically transmit this information to the national tax authority, which will share it with counterparts in other EU member states.

France incorporated DAC8 into its domestic law through Decree No. 2025-1276 signed on December 19, 2025. The first reports covering the 2026 calendar year must be submitted by September 30, 2027. After this deadline, European tax authorities will begin to automatically exchange the information they collect.

Bull Bitcoin also criticized the coordination between the DAC8 and the crypto asset reporting framework developed by the Organization for Economic Cooperation and Development. The platform believes that these two systems have gradually strengthened the international data exchange related to cryptocurrency transactions. It believes this evolution increases the risk in cases where sensitive information is leaked.

Concerns about the security of cryptocurrency holders

To justify its appeal, Bull Bitcoin also highlighted the physical risks users could face if these databases were compromised. The platform said the data breach could make it easier to identify Bitcoin holders and their relatives.

These concerns come as France has become one of the countries with the largest number of kidnappings against crypto asset holders. According to reports, French police have recorded 41 cryptocurrency-related kidnappings since the beginning of 2026. Meanwhile, cybersecurity company CertiK said that \"wrench attacks\"(coerced attacks) increased by 75% in 2025, with 72 verified cases worldwide. France alone has 19 confirmed attacks, while Europe accounts for about 40% of recorded incidents.

Bull Bitcoin believes that DAC8 may exacerbate these risks if the information collected is compromised in a cyber attack. The platform said this data centralization exceeded fiscal goals and could have a direct impact on holders of Bitcoin and other digital assets.

The proceedings initiated at the French Conseil d\'Etat may now become the first legal test for DAC8\'s implementation in France. As the initial reporting obligation approaches and the debate over the balance between tax regulation and cryptocurrency user protection continues to heat up, the outcome of the case will be closely watched by industry participants.