2026

Wednesday

Bitcoin

Bitcoin exchange Bull Bitcoin said 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 rules.
DAC8 requires crypto service providers to collect users' identity and transaction data and automatically report it to national tax authorities, which then exchange the information with their counterparts across EU member states. The directive went into effect on Jan. 1, 2026.
The exchange said in a Wednesday <a href="https://dac8.com/press/en/" rel="noopener noreferrer nofollow">press release</a> that DAC8 risks creating a “mass database” linking legal identity and home addresses, including transactions with no relevance to taxation.
“Against a backdrop of daily data leaks and a surge in kidnappings targeting crypto-asset holders, building such a database endangers the physical safety of millions of holders and their loved ones.”
Bull Bitcoin said it filed a summary petition before the Conseil d'État on Feb. 24, followed by a substantive legal brief outlining its arguments. The exchange said it intends to pursue “every legitimate avenue to suspend, delay, annul or amend the effects of DAC8 and its global counterpart, the CARF.”&nbsp;
The Crypto-Asset Reporting Framework (CARF) is a global crypto tax reporting framework <a href="https://www.oecd.org/content/dam/oecd/en/networks/global-forum-tax-transparency/step-by-step-guide-understanding-implementing-crypto-asset-reporting-framework.pdf" rel="noopener noreferrer nofollow">developed</a> by the Organisation for Economic Co-operation and Development (OECD) that provides a common standard for jurisdictions to collect and exchange information on crypto transactions.
Related: <a href="https://cointelegraph.com/news/france-bitcoin-wrench-attack-couple-fake-police-home-invasion" rel="noopener noreferrer nofollow">French couple robbed of $1M in Bitcoin by criminals posing as police</a>
<h2 id="bull-bitcoin-warns-dac8-leak-could-expose-crypto-holders">Bull Bitcoin warns DAC8 leak could expose crypto holders</h2>
Under DAC8, crypto service providers must submit their first reports covering the 2026 calendar year by Sept. 30, 2027, after which tax authorities in EU member states will automatically exchange the information.
France implemented DAC8's crypto reporting rules through Decree No. 2025-1276, signed Dec. 19, 2025.
France has emerged as one of the countries most affected by so-called wrench attacks, in which victims are threatened or assaulted to force the transfer of digital assets. In April, RTL reported that <a href="https://cointelegraph.com/news/french-minister-measures-crypto-wrench-attacks-kidnappings" rel="noopener noreferrer nofollow">French police had counted 41 crypto-related kidnappings</a> since the start of 2026.
Wrench attacks increased by <a href="https://cointelegraph.com/news/wrench-attacks-increased-losses-certik" rel="noopener noreferrer nofollow">75% in 2025</a> to 72 verified cases worldwide, according to cybersecurity company CertiK. France saw the most incidents during 2025, with 19 confirmed wrench attacks, while Europe accounted for roughly 40% of global incidents.&nbsp;
Bull Bitcoin’s warning also comes after major crypto firms have suffered customer data breaches. In May 2025, Coinbase <a href="https://www.coinbase.com/blog/protecting-our-customers-standing-up-to-extortionists" rel="noopener noreferrer nofollow">said</a> that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in reimbursement expenses.
Magazine: <a href="https://cointelegraph.com/features/from-bitcoin-critics-to-blockchain-believers-the-5-biggest-crypto-backflips" rel="noopener noreferrer nofollow">From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips</a>

Bull Bitcoin asks French court to strike down DAC8 implementing decree

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