Wright’s suit for intellectual property rights related to bitcoin violated a court order imposed after his claim to be bitcoin inventor Satoshi Nakamoto was ruled to be false.
The country’s concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
Bhutan is one of the largest sovereign holders of bitcoin. Hyla Fund’s Paola Origel visits and finds a small landlocked country punching above its weight.