Bull Bitcoin has petitioned a French court to strike down a decree implementing DAC8, the European Union’s crypto tax reporting framework. The non-custodial Bitcoin exchange argues that the French measure should be annulled because it could create broad surveillance risks for crypto users.
The challenge matters because DAC8 affects how crypto-related information may be collected and reported across Europe. According to Bull Bitcoin, the rules could increase privacy and physical safety risks for as many as 135 million European crypto holders, raising concerns beyond tax compliance alone.
Bull Bitcoin’s position focuses on the potential consequences of linking crypto ownership data to reporting systems. The company argues that such data, if gathered or exposed at scale, could make holders more vulnerable to monitoring or targeted threats.
The case also highlights the tension between regulatory transparency and non-custodial crypto services. While governments are moving to strengthen tax reporting for digital assets, privacy-focused Bitcoin businesses are pushing back against measures they view as excessive.
The French court petition does not decide the future of DAC8 across Europe, but it places one national implementing decree under legal scrutiny. For the crypto sector, the outcome could influence how companies assess compliance, data collection and user protection under Europe’s expanding digital asset rules.