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  • Bitcoin Excluded From Tax Exemption? 🚨, Oslo Airport Accepts Lightning Payments πŸ‡³πŸ‡΄, Taiwan Reveals Seized Bitcoin Stash πŸ‡ΉπŸ‡Ό

Bitcoin Excluded From Tax Exemption? 🚨, Oslo Airport Accepts Lightning Payments πŸ‡³πŸ‡΄, Taiwan Reveals Seized Bitcoin Stash πŸ‡ΉπŸ‡Ό

Read issue #434 of the Bitcoin-only daily newsletter with the highest signal-to-noise ratio in the industry.

Bitcoin Excluded From Tax Exemption? 🚨, Oslo Airport Accepts Lightning Payments πŸ‡³πŸ‡΄, Taiwan Reveals Seized Bitcoin Stash πŸ‡ΉπŸ‡Ό

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Greetings Bitcoiner,

Welcome to Issue #434 of Bitcoin Breakdown, where we want to thank you for letting Bitcoin Breakdown land in your inbox in 2025. You showed up, you read, you shared… and it added up.

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We’re taking a short breather from now until Jan 5, then we’re back in your inbox with the first issue of 2026.

What’s next

Over the break, we’re completely rebranding and rolling out new features in 2026 to better serve the Bitcoin-only crowd β€” sharper delivery, tighter formats, more signal.

See you on Jan 5!

Now for today’s Top Stories:

  • 🚨 Concerns Around BTC Being Excluded From De Minimis Tax Exclusion

  • πŸ‡³πŸ‡΄ Oslo Airport Launches World's First Bitcoin Click & Collect

  • πŸ‡ΉπŸ‡Ό Taiwan Reveals Bitcoin Stash from Criminal Seizures

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Dec 19, 2025

TODAY’S TOP STORIES

🚨 Concerns Around BTC Being Excluded From De Minimis Tax Exclusion

The Bitcoin Policy Institute is raising the alarm that proposed de minimis tax exemptions may only cover dollar-pegged stablecoins, leaving everyday BTC transactions taxed. Senator Cynthia Lummis previously introduced a bill exempting bitcoin and crypto transactions under $300, but lawmakers appear to be excluding bitcoin from the final legislation. This decision could severely limit Bitcoin's use as peer-to-peer electronic cash, as capital gains taxes continue to discourage small BTC payments. Bitcoiners argue the exemption is crucial for building a functional Bitcoin-based payment system. Cointelegraph

πŸ‡³πŸ‡΄ Oslo Airport Launches World's First Bitcoin Click & Collect

Oslo Airport has rolled out the world's first Bitcoin payment system for Click & Collect tax-free shopping, powered by the Lightning Network. Travelers order online, pick up at the airport, scan a QR code, and pay instantly in bitcoin while prices are locked in Norwegian krone. The secure, regulation-compliant system has no extra fees, processes refunds like standard purchases, and aims to position Norway as a forward-thinking Bitcoin destination with plans to expand across more airports. TRBusiness

πŸ‡ΉπŸ‡Ό Taiwan Reveals Bitcoin Stash from Criminal Seizures

Taiwan's Ministry of Justice disclosed it holds over 210 BTC seized from criminal cases, valued at around $18M, making it the 10th-largest government holder globally. The announcement follows November reports that Taiwan's Premier and Central Bank agreed to study Bitcoin as a strategic reserve and pilot treasury holdings using seized BTC. While the government hasn't outlined custody methods or liquidation plans, the disclosure arrives amid growing debates over digital asset regulation and how confiscated crypto should be managed. Bitcoin Magazine

POLL #434

Why do you think lawmakers are favoring stablecoins over Bitcoin in tax policy?

  • Easier to control
  • Regulatory capture
  • They hate freedom money
  • Dollar hegemony protection

Login or Subscribe to participate

​

PREVIOUS POLL RESULTS

QUICK BITS

  • Reports of a major Bitcoin mining crackdown in China's Xinjiang region turned out to be overblown.

  • SEC claims that 3rd party Bitcoin mining hosting services, in which customers buy stakes in mining operations while the company controls everything, constitute a securities offering.

  • US Federal Reserve officially withdraws its 2023 guidance that barred banks from offering Bitcoin and other crypto services, citing an outdated framework and an evolving financial landscape.

  • Russian head of the financial committee says cryptocurrencies will never become legal tender.

  • Fold partners with federally chartered BitGo Bank & Trust to become the first platform to offer nationwide Bitcoin exchange and custody services under a single federal framework.

  • SEC's updated crypto custody FAQ allows broker-dealers like Morgan Stanley and Goldman Sachs to establish control over crypto asset securities through documented directive rights rather than direct private key possession.

  • Custodia Bank, a Wyoming-chartered Bitcoin and crypto bank, challenges the Federal Reserve's denial of master account access, arguing the appellate ruling grants unconstitutional discretion and undermines state banking authority.

  • Libya's heavily subsidized electricity, priced at $0.004 per kilowatt-hour, fueled a covert BTC mining boom that peaked at 0.6% of global hash rate before authorities launched crackdowns amid grid strain and blackouts.

  • UK Financial Conduct Authority survey reveals that Bitcoin and crypto ownership dropped from 12% to 8% among adults.

  • Coinbase & Ipsos survey reveals that Gen Z and millennials are allocating 25% of portfolios to non-traditional assets like Bitcoin and crypto, three times more than older generations, seeking alternative wealth-building strategies.

  • K33 Research, a research and brokerage firm, reports that 20% of BTC supply reactivated over 2 years signals nearing end of long-term holder distribution, with selling pressure expected to subside in 2026.

  • Ark, a Bitcoin Layer 2 protocol, is slated to crack Bitcoin’s scalability challenges by compressing Bitcoin transactions into shared containers, enabling instant off-chain payments while preserving self-custody and complementing the Lightning Network's peer-to-peer routing capabilities.

QUICK MEDIA

  • Mark Moss argues that Michael Burry's recent warnings about an imminent crash in AI, stocks, and Bitcoin stem from an outdated value-investing framework that has consistently failed since 2008, when markets shifted from fundamentals to liquidity-driven dynamics, causing Burry to miss major bull runs while underperforming by 5-7% annually (Dec 18 | 14:34 min watch).

  • Keonne Rodriguez, Samourai Wallet developer, in a GBNews interview, discusses his 5 year prison sentence starting today, highlighting the growing global effort to pardon developers prosecuted for providing Bitcoin privacy services, while President Trump considers a pardon for him and his co-founder (Dec 18 | 5:40 min watch).

  • Hurley of Swan Bitcoin, commenting on Saifedean Ammous's interview with Danny Knowles of What Bitcoin Did, argues that Bitcoin represents a civilizational response to the 1914 monetary break when governments learned to finance wars through inflation rather than public consent, fundamentally distorting time preference and human cooperation (Dec 19 | 16:49 min watch).

  • Peter McCormack, former host of the What Bitcoin Did podcast, in an interview with BTC Inc CEO Brandon Green, argues that Bitcoin's success depends on mainstream adoption rather than requiring everyone to become technical experts (Dec 19 | 25:41 min watch).

  • Marty Bent of TFTC counters Luke Gromen's bearish thesis by arguing that quantum computing fears are overblown, Bitcoin's fundamentals remain strong with accelerating banking adoption and Lightning Network growth, and current price consolidation around $86K presents a buying opportunity amid incoming global liquidity expansion (Dec 18 | 20:30 min watch).

  • Matthew Kratter of Bitcoin University claims that Adam Back has been compromised by financial interests because he opposes spam-fighting measures while investing millions in ventures with actors who profit from Bitcoin network spam, apparently contradicting his cypherpunk origins (Dec 15 | 11:53 min watch).

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