Bull Bitcoin Challenges France's DAC8 Crypto Tax Rules in Court

Bull Bitcoin has challenged France's implementation of the European Union's DAC8 cryptocurrency tax reporting rules in the country's highest administrative court. The exchange argues that the framework creates excessive privacy and security risks for digital asset holders, citing a rise in kidnappings targeting crypto-asset holders and previous customer data breaches at cryptocurrency companies.

The DAC8 rules require cryptocurrency service providers to collect users' identities and transaction data before sharing it with tax authorities across European Union member states. The framework is set to take effect on January 1, 2026, with the first reports covering the 2026 calendar year due by September 30, 2027.

Bull Bitcoin filed its initial petition in February and later submitted a detailed legal brief, arguing that building a database of user identities and transaction data endangers the physical safety of millions of holders and their loved ones. The exchange intends to pursue all available legal avenues to suspend, delay, amend or overturn DAC8.