France’s Council of State has rejected an emergency request from Bull Bitcoin and Paymium to suspend the French decree implementing the European Union’s DAC8 crypto tax reporting rules while a separate challenge seeking to annul the measure remains before the court.
Bull Bitcoin stated in a recent announcement that the summary suspension proceeding was filed in August 2026 and focused on immediate security risks created by collecting and centralizing information about cryptocurrency users. The proceeding was separate from a legal challenge launched earlier this year against the decree itself.
In rejecting the emergency request, the Council of State found that Bull Bitcoin and Paymium had not established a level of urgency sufficient to justify suspending the decree. The court stated, “The mere possibility of a risk, the probability of which is very low, cannot constitute a situation of urgency.”
The companies had argued that concentrating information about crypto users in databases accessible for tax reporting creates a security risk if the records are compromised. Data collected under the regime can include information identifying users and details of their crypto transactions. Bull Bitcoin expressed concerns that leaked information could potentially lead to criminal activities such as kidnapping, extortion, or other physical attacks.
The security argument comes amid a series of physical attacks targeting cryptocurrency holders and their relatives in France. The country has seen a rise in crypto-linked cases involving kidnapping, unlawful detention, extortion, or attempted offenses. Blockchain security firm CertiK recorded 52 verified physical crypto attacks worldwide during the first half of 2026, with France accounting for a significant portion of them.
DAC8, which entered into application across the European Union on Jan. 1, 2026, expands automatic tax information exchange rules to crypto assets. Reporting crypto asset service providers must collect information on reportable transactions carried out by EU resident users. The rules cover various crypto transactions and are expected to provide tax authorities with substantially more information about crypto activity.
Bull Bitcoin continues its annulment challenge against the French DAC8 decree, raising arguments concerning fundamental rights and European privacy protections. The company remains committed to fighting against mass surveillance and plans to publish its filings and supporting documents from the suspension case in the coming days.
Overall, the rejection of the emergency request by the Council of State does not deter Bull Bitcoin from pursuing its legal battle against the implementation of DAC8 in France. The company remains dedicated to upholding privacy rights and challenging the government’s authority to implement such regulations.