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The Bitcoin Act
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We cover #Bitcoin & #legal news in our newsletter 📰, and share updates, polls & the best Bitcoin memes on Primal 😎. Save time, stay informed, laugh a little.
🇷🇺 #Russia criminalizes unregistered #mining. Illegal miners could face up to 5 years in prison as Russia moves from legalization to strict enforcement. ⚖️ image
🧠 Legal Quiz of the week: In 2025, which country’s central bank announced it would consider holding up to 5% of its reserves in #Bitcoin and ran a pilot purchase? 🤔💸 A) Czech Republic 🇨🇿 B) Poland 🇵🇱 C) Hungary 🇭🇺 D) Slovakia 🇸🇰
🌎 267 #crypto M&A deals were completed in 2025, totaling $8.6 billion, a fourfold increase vs. 2024, driven by #regulatory shifts and institutional confidence. image
🟠 #Chainalysis analysts say 2025 proved regulation is shifting from drafting to implementation, exposing frictions in MiCA, stablecoin rules, #tokenization pilots, and AML systems. They think 2026 will focus less on “what rules exist” and more on “who can comply at scale”. image
✅ Kevin Wysocki says #Congress has only a coin-flip chance to pass comprehensive legislation in 2026. He believes bipartisan talks matter, yet competing interests over banks, stablecoins, and #DeFi keep consensus fragile before midterms. 🇺🇸 image
⚡️Legal poll of the week: What should #Bitcoin be treated as under the law? 👇 🟠 A) Property (like gold) 🟠 B) Legal tender 🟠 C) A new asset class (sui generis) 🟠 D) It shouldn’t be regulated at all
🎄 Merry Christmas to everyone stacking sats and ignoring the noise. May your keys stay safe and your conviction stay strong. ₿ #Bitcoin #Christmas image
🧵 Thread of the week - Spain’s New #Crypto Rules and What They Mean for Bitcoiners 👇 1/ 🇪🇸 #Spain is pushing a major crypto legal overhaul set for 2026. The reforms will significantly affect how #Bitcoin and other digital assets are regulated across licensing, compliance, and anonymity standards. 2/ 📜 Two Pillars of the New Regime: 👉 MiCA Licensing Expansion — service providers must meet clearer licensing requirements. 👉 DAC8 Tracking Rules — enhanced reporting requirements for crypto transactions. 3/ 🧑‍⚖️ Why this matters legally: Spain’s approach signals that regulators are tightening compliance — even for Bitcoin, which until now has often lived in a somewhat ambiguous legal space. 4/ 🛂 DAC8 Tracking = Less Anonymous Bitcoin Use Under the new reporting regime, custodial services and intermediaries will need to disclose transaction data — meaning increased KYC/AML scrutiny. This could impact privacy‑focused use cases. 5/ 📈 Licensing: A Double‑Edged Sword On the one hand, robust licensing brings legal certainty for exchanges and custodians. On the other, it raises barriers to entry that could squeeze smaller Bitcoin businesses. 6/ 🧩 Legal Liability for Unlicensed Activity Once these rules take effect, unlicensed operations in Spain could face fines or enforcement actions — even if only facilitating BTC transactions as a neutral service. 7/ ⚖️ What Bitcoiners Should Watch: ✔ Whether Spain treats BTC differently from tokens in regulatory texts. ✔ How DAC8 will apply to decentralized platforms and self‑custody. ✔ What penalties await non‑compliant firms. 8/ 🧠 Big Picture: Spain’s roadmap reflects a broader global trend — regulators aren’t ignoring Bitcoin anymore; they’re integrating it into mainstream financial law with rules, reporting, and oversight. 9/ 🔔 Bottom Line: Bitcoin isn’t unregulated anymore — legal clarity is emerging, but it comes with new obligations. For lawyers and BTC businesses alike, Spain is now a jurisdiction to watch.