Market Insights

March Regulator Roundup 2020

100+ regulation and policy updates from the month of March

Copper

02.04.2020

Coronavirus dominates, South Korea & Zimbabwe clarify, India crypto banking ban overturned, Bitcoin safe haven tested amid stock market crash and Fed proves us right with unlimited QE.

Jump to Global

Jump to Europe

Jump to Americas

Jump to Middle East & North Africa

Jump to South Asia

Jump to East Asia & the Pacific

Jump to Caribbean

Jump to Africa

 

Global

Bank for International Settlements analyses tokenisation, future of payments, CBDCs. More →

Halting $9.8bn cryptocurrency theft key to industry growth, says KPMG. More → 

Steem in uproar as exchanges back soft fork reversal. More →

98% of Bitcoin mining machines will never produce a block, PwC analysis says. More →

There are now over 7,000 Bitcoin ATMs worldwide. More →

Chainalysis: Only 1% of $1trn crypto transacted in 2019 was illicit.  More →

BzX issue mea culpa over $1m DEX hack failure. More →

Study: 97% of traditional finance firms ready to enter digital asset trading. More →

Bitcoin showing record correlation to equities: is safe haven over? More →

Cryptocurrency aid programs launched to battle coronavirus pandemic. More →

Banking regulators push back Basel III for 12 months amid coronavirus. More →

World Health Organisation launches MiPasa blockchain to fight coronavirus. More →

CBDCs could cause friction with commercial banks, SEB chief strategist says.  More →

Europe

EU

Clearing houses give mixed reactions to EU crypto regulations. More →

France

French court rules Bitcoin is fungible intangible asset akin to money. More →

BaFin regulator further clarifies cryptocurrency status in new paper. More →

BaFin shuts down illicit Bitcoin ATMs. More →

Germany

Germany recognises Bitcoin as a legal financial instrument. More →

40 German banks declare interest to offer crypto services, BaFIN says. More →

New cryptobanking laws attracting biggest institutional investors, says Borse Stuttgart. More → 

Ireland

Auction house to sell off €110,000 in BTC seized by Belgian government. More →

Italy

Banco Sella launches Bitcoin trading to 1.2m customers. More →

Luxembourg

Luxembourg Stock Exchange, Credit Suisse join FundsDLT Series A. More →

Malta

Malta financial regulator warns against two unlicensed exchanges.  More →

University of Malta students vote remotely using Vodafone blockchain platform. More →

Norway

Opera browser expands crypto buying feature to 27 EU countries. More →

UK

Bitcoin uses more electricity per transaction than a British household in two months, PwC report finds.  More →

Lloyds of London Atrium syndicate launches £100,000 insurance policy against Bitcoin hacks. More → 

FCA says Kraken exchange not allowed to operate in UK. More →

New Bank of England governor Andrew Bailey deeply suspicious Libra is asset-backed. More → 

FCA: BitMEX not authorised in UK. More → 

FCA retracts Kraken warning, BitMEX caution stays up. More → 

Andrew Bailey says Bitcoin holders should ‘be prepared to lose all your money’. More →

GCEX cryptocurrency broker wins £350,000 government grant to expand into Scotland. More →

Post-Brexit UK-US trade negotiations put blockchain first. More → 

BoE discussion paper considers CBDC opportunity. More → 

Counties warn on exploding coronavirus crypto extortion scams. More → 

Bitstamp explores support for 7 more cryptocurrencies. More → 

Ukraine

Ukraine classifies crypto as intangible asset. More → 

National anti-corruption agency asks citizens to declare cryptocurrency for tax. More →

Americas

Binance adds P2P trading with five new pairs Brazilian Real, Argentine Peso, Colombian Peso, Mexican Peso, Peruvian Sol. More →

Argentina

Natural gas regulator to expand blockchain tracking to whole country. More →

Brazil

XDEX exchange run by country’s largest broker shuts citing regulatory uncertainty. More → 

Canada

Tax authority files suit to get QuadrigaCX victims to pay crypto taxes.  More →

Manitoba securities regulator warns over more crypto scams. More →

Mexico

Santander bank adds Ripple blockchain settlement in Mexico. More →

United States

Hyperledger adds eight new members including Walmart. More → 

US charges Chinese nationals linked to notorious North Korea Lazarus hacking group with $100m crypto laundering. More →

Federal Reserve makes emergency 0.5% interest rate cut to quell coronavirus market panic.  More →

EY and Consensus announce enterprise-focused Baseline Protocol based on Ethereum. More →

Facebook bows to regulatory pressure with Libra redesign. More → 

US dollar has most to lose in war of CBDCs, says ING economist. More → 

New York natural gas plant makes $50k a day mining Bitcoin. More →

BitGo custodian reveals $150m crypto lending to institutions. More →

Exchange software provider AlphaPoint raises $5.6m. More → 

Morningstar rates Ethereum securities for first time.  More → 

Robinhood app suffers second major failure as markets whipsaw. More → 

Arizona congressman’s Cryptocurrency Act of 2020 to decide which federal regulators are responsible. More → 

Judge throws out Craig Wright’s latest excuse. More → 

Celo launches Libra Association rival with 50 partners including Coinbase, Andressen Horowitz. More → 

Rhode Island Economic Growth Blockchain Act seeks regulatory clarity for cryptocurrency. More → 

Second Federal Reserve emergency interest rate cut in wake of coronavirus drops benchmark range by 1%. More →

Illinois State proposes seizing unclaimed cryptocurrency after 5 years. More →

Coinbase chief legal officer joins US Treasury department. More → 

Nvidia shareholder lawsuit over crypto sales lacking, judge rules. More →

Bakkt raises $300m Series B for consumer market push: More →

Craig Wright ordered to pay $165k legal fees in Kleiman suit. More →

Two Canadian nationals get two-year sentence for HitBTC scam. More →

Sparkswap DEX closes citing lack of users. More →

Crypto-friendly Square wins FDIC permission to become a bank. More →

Poloniex moves to compensate ‘flash crash’ uncovered margin victims. More →

Ex-Mt Gox CEO asks court to throw out final liability judgement over bankruptcy. More →

Crypto market infrastructure creaks in face of volatility test. More →

Hawaii launches regulatory sandbox for digital asset companies. More →

Ex-Bakkt CEO accused of insider trading ahead of stock market crash. More →

Former Washington Senator caught up in ICO scam.  More →

US extends crypto tax reporting deadline from April to June 15. More →

Tezos Foundation settles in $25m class-action lawsuit over ICO. More → 

Digital Dollar project names 22-strong advisory group. More → 

Michigan Democrat asks US Treasury to mint two $1trn coins with no debt. More → 

Unlimited QE: Third emergency Federal Reserve move in March will buy Treasuries and mortgage-backed securities. More →

Texas regulator warns of higher crypto scams in coronavirus outbreak. More →

Digital dollar CBDC plans shelved in coronavirus fightback. More → 

Mt Gox creditors can choose whether to be paid back in fiat or Bitcoin. More → 

Brave adds Binance trading direct in browser. More → 

SEC wins key injunction against Telegram in GRAM ICO case. More →

Coinbase Wallet integrates DeFi directly in-app. More → 

Telegram files appeal against SEC GRAM injunction.  More →

Ex-CFTC chief will release digital dollar whitepaper by June. More → 

5 major stablecoins say they will keep 1:1 dollar peg even as rates turn negative. More → 

Coinbase, Fidelity back $6m Series A for CoinMetrics. More →

Fed printing $1m every second to set record $5.25trn balance sheet. More →

Bitwise seeks OTC listing for crypto index fund. More → 

Coinbase payments arm passes $200m in transactions. More →

Telegram seeks exemption of GRAM injunction for non-US users. More →

Microsoft files patent for cryptomining system using human activity data. More →

Ex-CFTC chair: Coronavirus crisis highlights use case for digital dollar CBDC. More →

Telegram pushes back harder against SEC ICO block. More →

Law is coming for Bitcoin, warns Craig Wright. More →

Venezuela

US charges head of Petro cryptocurrency with fraud, indicts President Maduro for narco-terrorism. More →

DASH makes gains after Maduro indictment. More →

Middle East & North Africa

Iran

42 million records exposed in unofficial Telegram third-party app hack.  More →

Israel

Country’s oldest exchange Bit2C sues wallet firm for 40BTC fraud. More →

UAE

Bitrump launches white-label services as market expands. More →

 

South Asia

India

Supreme Court strikes down RBI cryptocurrency banking ban. More → 

Cryptocurrency banking ban deemed ‘disproportionate’ by Supreme Court. More →

RBI to appeal over Supreme Court crypto banking ban decision. More →

Crypto private equity investments surge after Supreme Court decision. More →

Cryptocurrency lawyers ask RBI to direct banks to allow transactions: transactions. More →

Binance creates $50m incubator fund with WazirX subsidiary. More →

Government inspects crypto firms for fraud over not revealing balance sheets. More →

Government talking to RBI over possible cryptocurrency legislation. More →

Buyucoin exchange wins Estonian license. More →

 

East Asia & Pacific

Australia

Tax office issues warning to crypto investors in crackdown. More →

ASX exchange postpones blockchain settlement indefinitely. More →

China

Mining giant Canaan hit with class action lawsuit over $90m IPO.  More →

People’s Bank of China issues bot Bitcoin trade warning. More →

People’s Bank of China completes CBDC basic functions, drafting laws for use.  More → 

CBDC research delayed from Q1 2020 by coronavirus pandemic.  More →

Hong Kong

Custody firm First Digital Trust scores $3m investment from Taiwan VCs.  More →

Indonesia

Commodities regulator gives Zipmex exchange green light. More → 

Crypto payment firm Pundi X wins Singapore license reprieve. More → 

Japan

Coinbase joins JVCEA self-regulatory organisation. More →

Rakuten wallet rolls out crypto margin trading.  More →

FSA securities regulator launches blockchain governance initiative. More → 

EY Japan using blockchain to fight counterfeits in $10bn-a-year sake industry. More →

OKCoin gains Japanese exchange license. More →

New Zealand

Trade99 is crypto scam, markets regulator warns. More → 

Singapore

Bitmain-backed Matrixport seeks $40m funding for $300m valuation. More →

Bank-backed Contour trade finance blockchain keeps money moving in coronavirus-hit market, report says. More →

Coinpip payment service shuts as Singapore brings crypti under AML rules. More →

Monetary Authority of Singapore allows crypto companies 6-month licence holiday. More →

Ripple, Coinbase win license Singapore exemption. More → 

South Korea

National Assembly passes one of world’s first comprehensive cryptocurrency laws. More →

KB Koomin Bank registers trademark for over 20 crypto services in wake of new law. More → 

Binance to open South Korean exchange with BxB acquisition. More →

Taiwan

BTSE exchange IEO sells out in 4 hours. More →

Binance card debuts for shopping, paying bills with Bitcoin and BNB. More →

Lawsuit alleges Binance confiscated $300k in crypto from former moderator. More →

Binance to acquire Coinmarketcap in $400m deal. More → 

Thailand

Fintech firm becomes country’s first non-banking institution to integrate Ripple. More → 

Caribbean

Marshall Islands

SOV national cryptocurrency to use Algorand open source PoW blockchain. More →

 

Africa

Seychelles

KuCoin exchange restructures to tackle regulatory expansion. More → 

Nigeria

Binance adds first Nigerian Naira as first P2P African currency. More → 

Zimbabwe

Reserve Bank drafts first policy framework to regulate cryptocurrency. More → 

 

 

The latest forward thinking research, straight to your inbox.

Insights

Market insights straight from the source.