Bank Of America Opens Bitcoin Gates 🇺🇸, Poland President Vetoes Bitcoin Clampdown 🇵🇱, UK Grants Bitcoin Property Rights 🇬🇧

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Welcome to Issue #420 of Bitcoin Breakdown, where it’s OPSEC Wednesday special, followed by the latest Quick Bits snippets.

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Now for today’s Top Stories:

• 🇺🇸 Bank of America Also Also Capitulates, Opens the Bitcoin Floodgates

• 🇵🇱 Poland Nixes Bitcoin Clampdown, Backs Innovation

• 🇬🇧 UK Grants Bitcoin Full Property Rights with Royal Blessing

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TODAY’S TOP STORIES

🇺🇸 Bank of America Also Capitulates, Opens the Bitcoin Floodgates

Bank of America, the second-largest US bank, is also opening the doors for its wealthy clients to access Bitcoin ETFs starting January 5, 2026, thereby empowering over 15,000 advisers to recommend Bitcoin for the first time. The bank backs a modest 1%–4% allocation focused on regulated products. This reverses prior restrictions across Merrill, Private Bank, and Merrill Edge, aligning BoA with Morgan Stanley, BlackRock, Fidelity, and Vanguard’s recent pivots as Bitcoin continues its mainstream integration in wealth portfolios. Atlas21

🇵🇱 Poland President Nixes Bitcoin Clampdown, Backs Innovation

Poland’s President Karol Nawrocki vetoed a sweeping Bitcoin and crypto bill, warning it threatened freedoms, property rights, and innovation. He blasted opaque domain-blocking and heavy supervisory fees that favor big banks over startups, arguing overregulation would push firms to friendlier neighbors. Critics, including top ministers, accused him of choosing chaos and risking consumer harm. Supporters countered that enforcement failures aren’t on the president, and note EU MiCA arrives in 2026 to provide standardized regulations across the bloc. Cointelegraph

🇬🇧 UK Grants Bitcoin Full Property Rights with Royal Blessing

The United Kingdom just gave Bitcoin and ‘digital assets’ the royal treatment, granting them the same legal protections as traditional property. The Property Digital Assets Bill moves Bitcoin out of legal grey areas where scattered court rulings previously defined ownership rights. The milestone helps resolve disputes over stolen funds, inheritance cases, and corporate bankruptcies involving digital holdings, and also enables more efficient taxing. Crypto UK

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OPSEC FEATURE ARTICLE

How to Lock Down Gemini on Android (and Cut Its Access to Your Apps) — A No-Nonsense Privacy Playbook

Google is arguably surpassing OpenAI in the AI race of late, and their flagship model Gemini is now replacing the Google Assistant across Android, while default settings often favor convenience over restraint.

If you treat Bitcoin like self-custody, you already know the rule: reduce attack surface first.

So this week’s OPSEC guide covers the few controls that matter: activity retention, app connections, and Deep Research sources.

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QUICK BITS

• UK weighs banning Bitcoin and crypto donations in an upcoming Elections Bill because ‘digital assets obscure donor origins, risking foreign cash and criminal funds’.

• Cryptomixer, Europe's largest bitcoin-mixing operation, gets shut down by Swiss and German authorities who seize EUR 25M in bitcoin and 12TB of data.

• SEC set to unveil an ‘innovation exemption’ in January, easing the path for on-chain products under formal oversight and signaling a break from Gary Gensler’s enforcement-first era.

• Qivalis, an Amsterdam-based entity formed by 10 EU banks, plans a MiCA-compliant euro stablecoin by 2026.

• Japan proposes a flat 20% Bitcoin and crypto tax rate matching stocks in a major 2026 reform, potentially boosting $9.6B in monthly trading volume.

• Australian Bitcoin Industry Body files formal complaint against government-funded ABC broadcaster over misleading Bitcoin coverage, citing factual errors and breach of editorial policies.

• Miners face a crisis as hashprice plunges to $35 per petahash, mining stocks crash up to 54%, and machine payback periods exceed 1,000 days.

• Eric Trump's mining company American Bitcoin Corp suffers a 51% stock plunge as Bitcoin market downturn triggers widespread repricing of Bitcoin-linked equities.

• Canaan, a bitcoin mining hardware manufacturer, partners with SynVista Energy to develop an AI-driven renewable energy mining platform that tokenizes energy production and carbon credits.

• Washington State regulators issue cease-and-desist order to Seattle-based bitcoin ATM operator CoinMe for allegedly claiming $8M in customer funds as income.

• Bitwise argues that Bitcoin remains deeply undervalued at 66% below 'fair value' of $270K as global liquidity surges.

• Bitcoin network valuation metric indicates 96% probability of BTC price recovery by 2026 as Metcalfe Value analysis suggests significant current ‘undervaluation’.

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