The new issue of The Bitcoin Act is out. First, Opinion & Analysis: what 10 lawmakers, officials and industry voices said this week about Bitcoin and the law, from the future of the CLARITY Act to the Travel Rule withdrawal and Hong Kong’s new tax reporting law. Then, Numbers of the Week: 5 figures that matter for your stack, including Greece’s new 10% tax and an ex-FBI agent’s $2.47 million theft. Finally, every Bitcoin legal event and deadline coming up next week. Did you enjoy this issue?

The new issue of The Bitcoin Act is out. First, Opinion & Analysis: what 10 lawmakers, officials and industry voices said this week about Bitcoin and the law, from the future of the CLARITY Act to the Travel Rule withdrawal and Hong Kong’s new tax reporting law. Then, Numbers of the Week: 5 figures that matter for your stack, including Greece’s new 10% tax and an ex-FBI agent’s $2.47 million theft. Finally, every Bitcoin legal event and deadline coming up next week. Did you enjoy this issue?

The protocol doesn't know who's powerful. A king and a student follow the same rules, the same supply cap, the same blocks. Name one other money that can say that.

Satoshi explained a new kind of money in 9 pages. The bill still hasn't finished defining it. Have you actually read the whitepaper?

The FBI just flagged 19 Bitcoin addresses tied to the $6.3 billion Binance hack. So what happens if some of those sats end up in your wallet? This week’s Tuesday issue of The Bitcoin Act answers that question. Plus every Bitcoin legal and regulatory story that mattered this week, in the US and around the world. And the odds prediction markets are giving on upcoming Bitcoin legal events. Already read it? Did you like this one?

Issue #94 of The Bitcoin Act is out. Inside: •What lawmakers and Bitcoiners are saying about the latest Bitcoin legal events •The Numbers of the Week •Every Bitcoin law event happening next week Should Bitcoin companies need a government licence before they operate? Pick one and tell me why. 👇

I updated the United Kingdom entry on the Global Bitcoin Regulatory Map. The reason: more than 10,000 complaints in 90 days. Between May and August, people in all 650 UK constituencies reported bank restrictions on buying crypto. 61% involved banks with published limits. Some banks don’t allow crypto transactions at all. 40% of attempted transfers to FCA registered exchanges were blocked or delayed. The government and the FCA are preparing a full regime to attract crypto businesses. But the onramp still runs through the banks. Has your bank ever stopped you from buying Bitcoin?

Issue #93 is out. A US city has just made Bitcoin ATMs illegal within its limits, and the machines now have a date by which they have to be gone. Elsewhere, a statewide version of the same ban moved another step forward this week. Also in this issue: the week’s Bitcoin legal and regulatory news from the US and around the world, a reader question on whether Washington could actually ban owning Bitcoin, and where prediction markets are pricing the legal outcomes worth watching. Did you like this one?

Passport. Selfie. Home address. Balances. All in one database. How many exchanges and apps currently hold your KYC data? 👇

Tomorrow’s issue. South Korea is reportedly weighing a fourth delay to its tax on crypto gains, with the start date possibly pushed all the way to 2029. The headline number is 2029. The reason behind it is the interesting part, and it is not Korean. Alongside it, the issue covers the week’s Bitcoin legal and regulatory news in the US and worldwide, the reader question answered in Ask Satoshi’s Lawyer, and where prediction markets are currently pricing Bitcoin legal events.

IOU or key: which one are you holding right now? One word. 👇

Bitcoin doesn't change. The rules around it do, every week. Issue #92 of The Bitcoin Act is out: 1) Every opinion and analysis on Bitcoin law this week, from Bitcoiners, lawmakers, regulators and central bankers 2) The Numbers of the Week 3) Every Bitcoin law event happening next week, date by date How should Bitcoin be regulated? Protect rights, define its legal status, or don't touch it? Pick one and tell me why. 👇

Today’s edition of The Bitcoin Act will cover this week’s most important Bitcoin legal and regulatory developments, with expert analysis, perspectives from lawmakers, and the key numbers behind the headlines. We’ll also look ahead to next week’s upcoming events and the regulatory decisions that could shape Bitcoin’s future. Will you be opening today’s edition? 👇

Rate how ready you are for a fiat emergency, 1 to 10. Be honest, not aspirational.

Everyone has an opinion on Bitcoin. Nobody can print more of it!

Lobbying budget: $0. Uptime since 2009: ~100%. Which currency can say that?

I genuinely love what I’m building. Even on the days when it takes discipline, patience, and showing up when nobody’s watching. Bitcoin teaches you to think long-term. To ignore the noise. To trust the process, verify everything, and stay focused on what matters. That’s the mindset I’m bringing to this project. No shortcuts. No hype. Just building, learning, and putting in the work every single day. Still early. Still learning. Still stacking sats of progress. ₿ Building in public. One day at a time…

No CEO. No head office. No phone number. Regulators keep dialing anyway. Who do you regulate when nobody is in charge?

Switzerland’s FINMA has approved the country’s first spot Bitcoin ETF for retail investors. The fund invests directly in Bitcoin under actual Swiss fund rules. Other providers are already seeking the same approval. This is not another exchange-traded product. It sits in the category of other funds for alternative investments with a specific risk. FINMA granted an exception to its normal diversification rules so the fund can hold Bitcoin alone. The exception exists because Bitcoin has a longer trading history and much higher trading volumes than most other cryptocurrencies. Those market facts let the regulator treat Bitcoin differently from the rest of the sector. No other asset received the same carve-out. Switzerland has listed Bitcoin products on the SIX Swiss Exchange for years. Those are debt securities. This new vehicle is an investment fund, so custody, operational risk and disclosure rules under fund law apply. Supervised institutions must put measures in place to manage custody and operational risks. They must also explain those risks clearly in the fund documents. The Financial Services Act conduct rules apply when the ETF is sold. FINMA has not named the approved fund or its issuer. Approval does not change Bitcoin’s risk profile. It remains highly volatile and investors can still lose a significant portion of their money. Regulators are creating a proper retail pathway only because Bitcoin already has the liquidity and track record others lack. The product sits under full fund rules rather than lighter product rules. That is further recognition of Bitcoin’s established market position. I cover these regulatory moves in my newsletter. Sign up at

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One ships every 10 minutes. The other is waiting on floor time. Which one do you trust to run on schedule? 👇