ChainCatcher report: France’s highest administrative court, the Council of State, dismissed the emergency application filed by cryptocurrency companies Bull Bitcoin and Paymium, refusing to immediately suspend the enforcement of France’s implementing decree for the EU’s Eighth Directive on Administrative Cooperation (DAC8). The applicants argued that the centralized collection of personal and financial data from digital asset users could lead to data breaches, ransomware attacks, and threats to personal safety. The court found that the applicants failed to demonstrate an urgent situation justifying an emergency suspension. Bull Bitcoin’s broader legal challenge seeking the full annulment of the decree remains under review. DAC8 came into effect across the EU on January 1, 2026, and registered service providers must submit their first reports for the 2026 tax year by September 30, 2027.
The French Council of State Rejects Emergency Request to Halt DAC8 Crypto Data Rules
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Summary
The French Council of State has denied an emergency request from Bull Bitcoin and Paymium related to CFT to suspend DAC8’s crypto data rules. The companies argued that centralized data collection poses risks to CFT compliance, liquidity, crypto markets, and user safety. The court found no urgent justification presented. Bull Bitcoin’s broader case seeking annulment remains pending. DAC8 will take effect in the EU on January 1, 2026, with initial reports due by September 30, 2027.
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