Moody's for Bitcoin — Tracking 9 assets across 7 jurisdictions

Regulatory Intelligence for
Digital Gold

The definitive registry tracking legal and regulatory status of Bitcoin and the entire Bitcoin ecosystem — sourced from primary regulators, cited at every data point.

9

Assets Tracked

7

Jurisdictions

19

Use Cases

1,197+

Data Points

3

Custodians

Last synced: 2026-02-18
Intelligence

Regulatory Status at a Glance

Overall regulatory status for key Bitcoin assets across all tracked jurisdictions. Every cell cites primary sources.

Full Matrix
AssetEUUSUKSGHKCAAU
BTC
WBTC
~
cbBTC
tBTC
L-BTC
Legend:
Permitted
~Restricted
Prohibited
?Unclear/Pending
No data
EU Regulation

MiCA Classification:Genuinely Unresolved

The classification of wrapped Bitcoin products under the EU's Markets in Crypto-Assets Regulation remains genuinely unresolved. ESMA has not issued definitive guidance on whether products like WBTC and cbBTC qualify as Asset-Referenced Tokens (ARTs).

Single Asset Reference

Wrapped BTC products reference only Bitcoin, not "one or several" assets as required for ART classification.

National Variations

Member states may interpret classification differently pending ESMA guidance expected Q2 2026.

Read Full Analysis

MiCA Classification Status

Pending Guidance
W
WBTC
Unclear
c
cbBTC
Unclear
t
tBTC
Unclear
L
LBTC
Unclear
ESMA Expected GuidanceQ2 2026
Source Transparency

Every Data Point Cites Primary Sources

All regulatory status data is sourced from official regulators, legislation, and auditors. Nothing is assumed. Confidence is rated per data point.

3

High

4

Medium

0

Low / TBD

Scope

What We Track

Comprehensive coverage of the Bitcoin ecosystem across asset types, jurisdictions, and use cases.

Native Bitcoin

1 asset

BTC legal status, ETF availability, and custody frameworks across all tracked jurisdictions.

Wrapped Bitcoin

3 assets

WBTC, cbBTC, tBTC — verified contract addresses and MiCA classification.

BRC-20 Tokens

2 assets

ORDI, SATS — Bitcoin-native token standards with regulatory analysis.

Runes Protocol

0 tracked

UTXO-based fungible token standard on Bitcoin.

Layer 2 Solutions

0 tracked

Lightning Network, Stacks (sBTC), and other Bitcoin L2.

Sidechains

2 assets

Liquid Network, Rootstock — Bitcoin sidechain regulatory status.