#768: DAC8 Is A Kidnapping Factory with Francis Pouliot

What you'll learn

• 1 (01:44) **DAC8: The Globalist Surveillance Machine** - Francis Pouliot explains DAC8, the EU's implementation of the OECD's Crypto Asset Reporting Framework (CARF), which mandates that every crypto company report all user transaction data and identities to their national government annually.
• 2 (05:05) **From KYC to Mass Surveillance: The Shift** - Pouliot contrasts the old KYC/AML regime (data held internally, reported only on suspicion or warrant) with DAC8's requirement to stream all user data to the government annually, regardless of suspicion.
• 3 (08:00) **The Kidnapping Factory: Why DAC8 is Lethal** - Pouliot explains that DAC8's mass data collection creates a "honeypot" database that, given France's poor government cybersecurity and convicted civil servants selling data to criminals, directly fuels a wave of crypto kidnappings.
• 4 (10:46) **Drawing the Line: Bull Bitcoin's Legal Challenge** - Pouliot explains why Bull Bitcoin is refusing to comply with DAC8, arguing it crosses a red line by creating a global honey pot that will lead to kidnappings and murders.
• 5 (16:25) **CARF is Coming to the US and Canada** - Pouliot warns that DAC8 is a European test case; the OECD's CARF framework will be implemented in the US (2028/2029) and Canada (this year), making this a global fight.
• 6 (19:07) **The Philosophy of Saying No** - The conversation shifts to the broader philosophy of resisting bureaucratic overreach, comparing DAC8's stealthy implementation to COVID-era mandates from supranational bodies like the WHO and FATF.
• 7 (26:11) **The Return on Compromise: Building a Cypherpunk Business** - Pouliot explains Bull Bitcoin's design philosophy of minimizing compromise while maximizing usability, using a "return on compromise" metric to decide which trade-offs (e.g., Liquid over Lightning) are worth it.

+ Full timestamped outline available in the app