Bull Bitcoin has filed a legal petition in France to annul the country's implementation of the European Union's DAC8 directive. The non-custodial, Bitcoin-only exchange, operating as Léonod SARL, argues the law creates dangerous surveillance.
DAC8, adopted in 2023, requires crypto service providers to collect and report detailed user data, including names, addresses, and full transaction histories, to tax authorities. Data collection under the French decree began in 2025.
CEO Francis Pouliot rebranded the directive's implications from "Know Your Customer" to "Kill Your Customer." The company warns that centralized databases holding this information create a major security "honeypot," potentially endangering the physical safety of up to 135 million Europeans.
The challenge is notable because Bull Bitcoin is a fully compliant operator, having secured its MiCA license in 2026 while maintaining its non-custodial model. This is the first formal legal challenge to DAC8 across the European Union and represents pushback against the OECD-aligned Crypto-Asset Reporting Framework.