![\"Bull](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/big-brother-is-watching.jpg\")
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The non-custodial Bitcoin exchange petitioned to annul a French decree implementing DAC8, arguing the rules could create surveillance and physical risks for up to 135 million European crypto holders.<\/p>\n
Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France’s Council of State (Conseil d’\u00c9tat) to strike down a French decree implementing the European Union’s DAC8 crypto tax reporting rules.<\/p>\n
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.<\/p>\n
The exchange said in a Wednesday press release<\/a> that DAC8 risks creating a \u201cmass database\u201d linking legal identity and home addresses, including transactions with no relevance to taxation.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n