Spain’s implementation of Royal Decree 253/2025 has sparked intense public debate over its potential to drive capital flight, infringe on financial privacy, and raise broader economic and legal concerns.

Quotes that support claims

The policy has sparked debate on its potential economic impact, including concerns about whether it might drive high-net-worth individuals to relocate.

Recouso’s post misstates the law but captures a sentiment echoed across Bitcoin Twitter: every new reporting layer nudges users toward censorship-resistant rails.