8-15-2025
India launches BPI India to push Bitcoin policy, Czech police arrest a darknet founder tied to a massive bribe, Kindly MD merges with Nakamoto for a BTC treasury play, BIS threatens fungibility, and Bull Bitcoin bridges Bitcoin with IBAN payments.
The Bank for International Settlements has floated one of the most dangerous ideas I’ve seen aimed at Bitcoin: a provenance-based “risk score” for coins before they can be converted to fiat. They frame it as anti-money-laundering compliance. I see it for what it is: an attack on fungibility, the core property that makes money work in the first place. But I do not see this stopping at Bitcoin and "Crypto". No, I think this will be installed in all fiat currencies, at least the digital side of fiat currencies. We have known for years governments want to and have been trying to get rid of physical cash. This is their Holy Grail and it is not filled with the Blood of Christ. If they drink from this chalice they will have poisoned themselves.
Fungibility means one unit is the same as any other. A dollar is a dollar, no matter whose pocket it was in yesterday. An ounce of gold is an ounce of gold, regardless of which vault it came from. The BIS wants to shatter that by attaching a permanent transaction history to every unit and ranking it as “clean” or “tainted.”
Once you start down that road, every currency becomes unusable. Human activity will touch every coin (fiat or digital) with something “illicit” eventually. The value erodes as people start discounting units with the wrong history. In time, all value gets wiped out. Maybe that’s their endgame: destroy the medium so only centrally approved money survives. Or, going even further, this is a way to have permanent and infinite inflation accepted by the mainstream public because you will always have to inject new, "clean" money into the system. Either way, if this gets implemented globally, we’re looking at a direct threat to the very concept of money.
Now, here’s the thing: we already have the technology to route around this. Bull Bitcoin just rolled out a service in Europe that lets you make Euro IBAN payments directly from Bitcoin, without manually converting to fiat. That means you can pay suppliers, settle invoices, or top up a debit card, and on the other side it looks like a standard bank transfer. It’s a bridge between the Bitcoin economy and the fiat world that doesn’t require permission from the BIS or any other central gatekeeper. That’s what a real payment rail for a circular Bitcoin economy looks like. You earn in Bitcoin, you spend in Bitcoin, and when you have to touch fiat for some reason, it’s done on your terms.
If the BIS or anyone else wants to attach their little compliance scores to every coin, the answer is simple: don’t comply. Keep your transactions peer-to-peer. Use services that let you pay directly in Bitcoin. Support merchants, contractors, and individuals who accept it without demanding a purity test for your UTXOs. This is where civil disobedience comes in. Gandhi didn’t wait for the British to approve his protests. He simply refused to cooperate with an unjust system. We can do the same. Not through marches or slogans, but through economic action. By continuing to transact in Bitcoin directly, without asking permission, we make their compliance schemes irrelevant.
Yes, they can clamp down on on-ramps and off-ramps. They can try to make life difficult for anyone touching fiat. But they cannot stop you from settling with another human being in Bitcoin if you both control your own keys. That must be non-negotiable because sovereignty is taken and defended. The BIS proposal is a warning shot. Bull Bitcoin’s service is an example of how to respond. The rest is on us. We either build and use the tools that keep us free, or we let them close the last doors to financial independence.
Meanwhile, we might consider not fighting them on this because, "Never interrupt your enemy when he is making a mistake". Maybe that was Sun Tzu, maybe it was Napoleon but it doesn't matter. It's pure truth. Let them destroy what's left of their fiat currencies. The only thing left will be bitcoin.
And now for the rest of the story.
India’s Bitcoin landscape has been a mess for years. Policy reversals, court interventions, bank restrictions, and contradictory statements from regulators have been standard fare. That’s why the launch of the Bitcoin Policy Institute of India (BPI India) on Independence Day matters. The think tank is built on five pillars: sovereign mining, policy advocacy, strategic research, public education, and enabling Bitcoin commerce. Its mission is to put Bitcoin in the hands of Indian policymakers, corporations, and citizens in a way that’s clear, consistent, and forward-looking. That's the hope at least. India has the renewable energy potential, the technical talent, and the market size to lead in this space but not in the current climate of flip flopping on policy. BPI may help India get past the indecision.
Half a continent away, Czech authorities have taken down the founder of the Sheep Marketplace darknet site. He’s accused of bribing a justice minister with 468 BTC—part of a $45 million Bitcoin donation that forced the minister’s resignation. The founder, who once stole over 800 BTC from marketplace users, tried to escape arrest by climbing onto his roof. Investigators, using on-chain data, connected him to multiple darknet marketplaces and traced transactions stretching back years. The case is a reminder: Bitcoin’s ledger is permanent, and large criminal movements are often easier to follow than people think.
In the corporate world, healthcare company KindlyMD has merged with Nakamoto Holdings to create a publicly traded Bitcoin treasury vehicle. The new entity aims to acquire one million BTC, positioning itself as an institutional-grade asset manager for both corporate and government clients. The strategic shift raises questions. How does a healthcare business pivot into Bitcoin finance, and what happens to its original mission? For some companies, Bitcoin treasury plays are part of a deliberate long-term strategy. For others, they may be a Hail Mary to survive. Time will tell which category this falls into.
From policy and law enforcement to corporate strategy, regulatory overreach, and grassroots tools, the message is the same: sovereignty is earned, not given. We either build and use systems that preserve it, or we hand over all control to those who will never give it back.
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