I started writing this article about who Satoshi Nakamoto is, and it is now my fifth one. Due to limited space and the feeling that it was not explained thoroughly, I started writing three additional articles on China's financial boundaries. I feel that if we continue to write about the encryption policies of various countries here, we may not be able to finish it in a week. In the previous article, I summarized the changes in India's cryptocurrency policies over time, and after posting, I searched for changes in cryptocurrency policies and foreign exchange controls in countries such as Hong Kong, Singapore, London, Switzerland, etc. I summarized a few points 1. The more centered the financial and trade industry is, the looser the policy on encryption becomes As in Hong Kong (on August 1, 2025, when the stablecoin regulations came into effect, 80 companies applied for licensing and the first batch of single digit approvals were granted; foreign exchange controls were relaxed, there were no capital account restrictions, SFC VASP licenses covered exchanges/custodians/stablecoins, and AML/KYC thresholds of HKD 8000); Singapore (DTSP license will come into effect on June 30, 2025, and all local companies providing overseas services must obtain MAS license; Loose foreign exchange controls, free flow of capital, nearly 3 million cryptocurrency users under the MAS PSA/FSMA framework, and a 15% increase in exchange registrations; London (April 29, 2025 FSMA expands cryptocurrency regulation, with exchanges/distributors included in FCA regulation; No foreign exchange control, HMRC will start collecting trading data on January 1, 2025, and automatically exchange it in 2027, with 12% of adult cryptocurrency users holding it; Switzerland (AEOI framework will come into effect on January 1, 2025, but data exchange will be postponed until 2027; Freedom of foreign exchange control, FINMA DLT Trading Venue license, 10-15% growth in cryptocurrency users, registration of 11 SROs on Crypto Valley exchange. 2. The more manufacturing types and countries sanctioned by the United States, the more cautious they are about cryptocurrency policies Such as Russia (allowing banks to participate in cryptocurrency by 2025, but with strict foreign exchange controls and a 20% decrease in trading volume); South Africa (SARB regulated exchange by 2025, strict foreign exchange controls, 10 million users in cryptocurrency pilot); Nigeria (with a relaxed ban by 2025 but tightened foreign exchange controls, e-Naira has 150 million users); Brazil (Central Bank Drex CBDC pilot in 2025, under foreign exchange control, with stable cryptocurrency trading volume) India (with a 30% tax continuing by 2025, strict foreign exchange controls, and a 70% decrease in transaction volume for 110 million cryptocurrency users). 3. Some emerging economies are tightening their foreign exchange controls, but CBDC pilots are accelerating Such as Argentina (Milei government promotes Bitcoin reserves, loosens foreign exchange controls, and increases cryptocurrency users by 30% by 2025); Brazil/Nigeria CBDC daily trading volume exceeds 1 billion local currency; Cryptocurrency as a tool under Russia/South Africa foreign exchange controls increases user registration by 10-15%. …… Finally, someone in the group asked me why there was no update on the 100 people I met in the life of the barbarian gossip. Here is a unified response. Currently, I am working on the content of my memoir, so I paused for a while. In addition, the observation column "Who is Satoshi Nakamoto?" consists of seven articles. The entire article has no stance, neither blackening nor licking any unit or individual. It is purely a personal observation and summary of thoughts, just trying to provide a perspective for partners in the cryptocurrency industry. Cryptocurrencies are no longer as simple as technology or trillions of dollars in market value. Interested friends can start watching from scratch: 1. Who is Satoshi Nakamoto? "Https://(((((((((x.com)))))/xuemanzi8848/status/1996009876543210987 2. Which is better to split between the US dollar and Bitcoin? Why does Musk want to control Dogecoin? 》 https://((((((((x.com))))))))/xuemanzi8848/status/1996043218765432901 3. Trump vs Musk, who has more control over the cryptocurrency market? Why did Trump issue tokens immediately upon taking office? 》 https://((((((((x.com))))))))/xuemanzi8848/status/1996085432176549890 4. "US Cryptocurrency vs. Chinese Regulation: The Crypto War: A Name Never Officially Mentioned" https://((((((((x.com))))))))/xuemanzi8848/status/1996127863205232684 5. "The Cryptocurrency 'Barrier' of the People's Bank of China: Observations from the 98 Storm to the 2025 Ban" https://((((((x.com)))/xuemanzi8848/status/1996172661236637882 5 Continued The Cryptocurrency 'Barrier' of the People's Bank of China: Observations from the 98 Storm to the 2025 Ban (Part 5, Continued) https://((((((((x.com))))))))/xuemanzi8848/status/1997277937696174170 5 Continued 2 The Cryptocurrency 'Barrier' of the People's Bank of China: Observations from the 98 Storm to the 2025 Ban (Part 5, Continued 2) https://((((((((x.com))))))))/xuemanzi8848/status/1997282936392135098 5 Continued 3 Chinese Cryptocurrency Boundary Continuation (III): Evolution of Finance and Cryptocurrency in India "https://((((((((((x.com)))))/xuemanzi8848/status/1997498848609243364 Next article "Why Binance