During the 2024 Bitcoin Watch Out, one of the topics discussed was Key Legal and Tax Changes on Bitcoin. Below I make a half-transcription of the interventions made by 4 Bitcoiners who are also legal advisors.

Cris begins by mentioning that between 2023 and what has gone by in 2024, until September when WOB was held, more resolutions and decrees have been made than almost from 2008 to 2023. He mentions that most of them are intended for crypto asset service providers such as MICA, which in some way affects the users of these platforms, so those who do not self-custody will be affected. He also spoke about the New Regulation on Money Laundering.

José Antonio mentions the EU Administrative Cooperation Directive. Approved in 2024, all European countries, 80% of service providers, will report who buys in a CEX, they cannot know where you take it, but they know that you bought. In 2027 it should start according to the directive. But all OECD countries will make a large database where everyone who buys in the CEX will be registered and will be reported to the country of origin, so self-custody and P2P will be the solution. When you go to the CEX, you must justify each purchase.

In the CEX of Spain Bitcoin can be seizable. Bitcoin is within cryptocurrencies, there is no international jurisdiction but there is international cooperation.

From January 1, 2025, the CEX of Spain must declare the data of those who use their services to make transfers, Kraken users in the United Kingdom already have this happen. If you are the originator of the transaction, you will have to declare data of your counterparty, a network of snitches. There is an amount for which the data is not verifiable, but after that amount the data must be verifiable by the CEX.

In a comparison with the Banks, the banks are required, but they are allowed to fail and make mistakes and not collect certain data of a few million euros, and nothing happens. In addition, there is a limit to request data, cash less than 3000 I do not report, transfer between people 10,000 I do not report. Bitcoin, from 1 cent.

Javier, who touched on tax issues, says directly that they intend to have control over everyone, they seek to end privacy. Europe is experiencing a legislative "elephantiasis", according to Mario Draghi's report, which fourth freedom. He highlights that in the definition of cryptoassets according to the regulations Bitcoin does not represent a value, in reality Bitcoin has value in itself. To include Bitcoin, they hold on to concepts of Austrian economics that speak of subjective value. They also make more than 90 references to the central bank and the ESMA, so anyone can change the definition. It is a real legislative diarrhea.

In response to Ferran's statement that the legislation actually seeks security, Javier states that protecting the defenseless is an excuse. So that people take the blue pill.

When talking about privacy, Cris states that governments are economically weak, they need to take away from people what they have, Bitcoiners escape because they buy without KYC, they carry an asset that has value in a device that they cannot control, so it is them against us. They come after us, there is no turning back.

Javier again states that the privacy/security dichotomy is false. They use security to violate privacy. Use of money laundering as an excuse. That is why we must look for protocols resistant to attacks. Nostr is an option even more so with the regulations on digital platforms. Decentralization is true freedom. The rules of the game always change it for you. Political parties are mafia organizations that want to extract from citizens.

These are just some ideas from the conversation on this topic. I hope we understand that now is the time to stop playing with Bitcoin, it is real money. The legislative diarrhea of the states is after Bitcoin and Bitcoiners.

DECENTRALIZATION IS TRUE FREEDOM.

Let's use Bitcoin, let's have self-custody of our funds, let's buy without KYC, let's use Nostr or any other decentralized protocol.

LET'S BE FREE