On February 24, 2026, Bitcoin exchange Bull Bitcoin filed a petition with France's Conseil d'État, the country's highest administrative court, seeking to annul Decree No. 2025-1276, France's implementation of the EU's DAC8 directive.

What DAC8 actually requires

DAC8 (Directive (EU) 2023/2226, adopted by the EU Council in 2023) took effect January 1, 2026. It requires "crypto-asset service providers", the exchanges most Bitcoin holders use to buy, sell, or cash out, to collect each customer's identity and transaction history and report it annually to their national tax authority. That data is then automatically exchanged with tax authorities in other EU member states, and eventually with non-EU countries that adopt the OECD's parallel Crypto-Asset Reporting Framework (CARF).

Worth being precise here: DAC8 does not regulate self-custody or on-chain activity directly. It's a reporting obligation on regulated exchanges. But if you've ever bought or sold Bitcoin through an EU-licensed exchange, your identity is now tied, inside a government database, to your transaction history.

Key dates

DAC8 in force: January 1, 2026
French decree signed: December 19, 2025 (Décret n° 2025-1276)
Summary petition filed: February 24, 2026, followed by a more detailed legal brief
First reports (covering 2026 activity) due: before September 30, 2027, after which automatic cross-border data exchange begins

The legal argument

Bull Bitcoin's case rests on Article 52 of the EU Charter of Fundamental Rights, arguing that blanket, suspicionless collection of financial data fails the necessity-and-proportionality test. One procedural limit worth flagging: the Conseil d'État can only annul the French decree, not the EU directive itself — though it could refer a question to the Court of Justice of the European Union if it finds a genuine EU-law interpretation issue. Bull Bitcoin has said it's prepared to escalate to the CJEU and France's Constitutional Council if this fails.

The physical-security angle

The petition also raises a safety argument. France's Interior Minister, Laurent Nuñez, said on June 30, 2026, that authorities have recorded 77 cases of kidnapping, extortion, or attempted extortion linked to the crypto sector since the start of 2026, up from 45 for all of 2025. That count comes from the ministry itself, independent of Bull Bitcoin's filing. Bull Bitcoin argues that centralizing identity-linked financial data raises the odds that a future breach could help criminals locate holders; that specific causal chain hasn't been established by French authorities, so treat it as the plaintiff's argument, not a proven fact.

What to watch next

A ruling on the merits isn't expected for one to two years. Worth watching: whether the Conseil d'État refers the case to the CJEU, and whether other EU member states see similar challenges filed. This is the first formal legal test of DAC8 anywhere in the EU, so the outcome (however far off) will matter well beyond France.

Source/analysis: The Bitcoin Act

And then transfer it to a cold wallet?

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