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The Bitcoin Act
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We cover #Bitcoin & #legal news in our newsletter πŸ“°, and share updates, polls & the best Bitcoin memes on Primal 😎. Save time, stay informed, laugh a little.
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The_Bitcoin_Act 14 hours ago
⚑️Legal poll of the week: As governments tighten #crypto rules worldwide, what matters most for #Bitcoin’s future? πŸ”˜ Legal clarity πŸ”˜ Tax fairness πŸ”˜ Self-custody protection πŸ”˜ None
Happy New Year, plebs! 🧑⚑️ Wishing you a 2026 filled with more sats, more self-custody, and fewer reasons to ever touch fiat again. May your hash be strong, your keys be yours, and your conviction unshakeable. Another year closer to hyperbitcoinization, stay humble, stack sats, and build the future we believe in. πŸš€πŸ§‘ #Bitcoin #BitcoinOnly #HODL
🧡 Thread of the week - CARF is coming, and it’s about to change how governments see Bitcoin πŸ‘‡ 🌎 1/ The #OECD’s Crypto-Asset Reporting Framework (CARF) is a new global tax transparency standard for crypto-asset transactions that’s rolling out from Jan 1, 2026. πŸ‘‡ ❓ 2/ What is CARF? #CARF automatically collects and shares tax-relevant #crypto data (transactions, tax residence, etc.) between countries so tax authorities can see activity that used to be invisible. πŸ‘‡ 🏦 3/ Why does this matter? Crypto has historically flown under the radar of traditional financial reporting. CARF closes that gap, making crypto reporting similar to bank accounts under global standards. πŸ‘‡ πŸ”’ 4/ How wide is its reach? Over 70+ jurisdictions, including EU members, the UK, Singapore, and more, have committed to implementing CARF, covering the majority of global crypto trading volumes. πŸ‘‡ ⏳ 5/ What’s the timeline? First jurisdictions plan to collect data starting 2026 and automatically exchange it with tax authorities by 2027 (reports due in 2027 on 2026 activity). πŸ‘‡ ℹ️ 6/ Who must report? Reporting Crypto-Asset Service Providers (RCASPs), exchanges, custodians, wallets, brokers, and even some DeFi intermediaries, will need to collect tax residence & transaction data and submit it annually. πŸ‘‡ πŸ‡ͺπŸ‡Ί 7/ How does CARF act with #DAC8? In the EU, DAC8 puts CARF into force from Jan 1, 2026. That means exchanges must begin collecting crypto data and reporting it, including transfers, balances, and identities, for EU tax residents. πŸ‘‡ πŸ‘€ 8/ Impact on users: CARF does not create new taxes by itself, but it dramatically increases transparency. Anonymous or offshore activity will no longer be invisible to tax authorities. πŸ‘‡ 🟠 9/ For Bitcoiners: Expect tighter KYC, more data reported, and fewer β€œblind spots.” πŸ‘‡ ⁉️ 10/ The big takeaway: CARF marks a shift: crypto assets are now part of the global tax infrastructure, not an exception. Whether you hodl, trade, or build, preparing for this new reporting regime is now essential. πŸ‘‡ πŸ”” 11/ Want 100% free signal on Bitcoin & law as global rules tighten? Subscribe to The Bitcoin Act newsletter: policy shifts, court cases, nation-state moves & what they actually mean for Bitcoiners. No hype, no spam, just sovereign knowledge. πŸ“ Join here:
πŸ‡ΊπŸ‡Έ The #SEC has filed charges against seven entities accused of running a $14M #crypto investment scam that targeted retail users through social-media ads and WhatsApp groups. Victims were guided to deposit funds into fake trading platforms, with β€œAI-generated” advice used to build trust. image
πŸ‡ͺπŸ‡Ί #EU launches DAC8 tax reporting. From Jan 1, #crypto firms must report user data; non-compliance can trigger penalties and asset seizures across the EU. πŸ‘€ image
πŸ‡·πŸ‡Ί #Russia criminalizes unregistered #mining. Illegal miners could face up to 5 years in prison as Russia moves from legalization to strict enforcement. βš–οΈ image
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