Market Insights

October Regulator Roundup 2019

140+ updates worldwide as Libra, central banks and regulators battle for supremacy

Copper

05.11.2019

Satoshi enters the Oxford English Dictionary, global watchdogs and EU ask for stablecoin help, Bitfinex faces $1.4trn lawsuit and Libra support crumbles but Facebook vows to plough ahead.

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Global

‘No doubt’ stablecoins pose regulatory risks, says Financial Stability Board chair Quarles. More →

Global exchanges urge UK’s FCA not to ban crypto derivatives. More →

UNICEF launches Cryptocurrency Fund to receive and spend BTC, ETH donations. More →

G7 taskforce says global stablecoins, Libra, should not be allowed to launch until regulatory risks addressed. More →

G20 leaders ask IMF for help on identifying stablecoin risks. More →

FATF watchdog fears stablecoins like Libra hamper efforts to stamp out money laundering. More →

Bittrex International pulls out of 31 countries citing regulatory uncertainty. More →

US regulators including SEC, CFTC join FCA-backed Global Financial Innovation Network to push cross-border sandboxes. More →

World Economic Forum begins blockchain metals and mining project. More →

Banking watchdog The Basel Committee to study how much capital lenders must put aside to cover cryptoassets. More →

 

Europe

EU

European Central Bank chair says Malta must watch banks as crypto industry rises. More →

Next EU finance commissioner Dombrovskis says he will regulate Libra. More →

Belgium

Financial Services Market Authority warns against cryptocurrency trader Abesix. More →

FSMA blacklist of Bitcoin scam sites reaches 131. More →

Estonia

‘Currency of Eurozone is Euro’: ECB President Mario Draghi shuts down discussion on Estonia digital currency. More →

France

Only three options on crypto: ignore, ban, or produce EU-wide legislation, says deputy head of central bank. More →

Germany

WEG Bank to process Bitcoin payments by 2020. More →

Vice Chancellor proposes digital Euro to oppose Libra. More →

Bayern Munich FC launching blockchain collectibles. More →

Ford test driving blockchain for fuel efficient cars in Europe. More →

Libra Association exodus ‘a good sign’, says Finance Minister Olaf Scholz. More →

Deutsche Borse, Commerzbank complete settlement using tokenised securities. More →

Cryptocurrencies like Bitcoin will never be alternative to ‘real’ money, says Bundestag. More →

Privacy coins Monero, Zcash top BaFin’s high-risk money laundering watchlist. More →

German private banks association back digital Euro issued on blockchain. More →

Ireland

Coinbase wins Irish e-money licence. More →

Liechtenstein

Government unanimously passes comprehensive blockchain law. More →

Malta

Binance launches P2P trading against Chinese yuan. More →

Binance adds support for Russian rubles on fiat-to-crypto launch. More →

University of Malta launches blockchain Masters programme. More →

Malta Financial Services Authority warns over scam investment site Bitcoin Future. More →

Poland

Head of Crypto Capital linked to Bitfinex arrested in Warsaw over $390m fraud. More →

Portugal

Secretary of State for Finance latest to add to Libra concerns. More →

Russia

Cryptocurrencies are ‘high-tech pyramid scheme’ says Bank of Russia deputy chairman. More →

Finance Ministry proposes dividing cryptocurrencies into tokens, cryptoassets and digital financial assets for regulation. More →

Korean exchange Bithumb launches Russian expansion. More →

Russian Bar Association put forward method for determining ‘true’ Bitcoin exchange rate. More →

Cryptocurrency law delayed again. More →

Ministry of Digital Development to use blockchain to combat counterfeiting. More →

Nuclear scientist jailed for 3 years for mining Bitcoin using supercomputer. More →

Metals plant to lease out power as Bitcoin mine as US sanctions bite. More →

Switzerland

FINMA boss fears crypto’s ‘dark corners’, not Libra. More →

Crypto bank Sygnum wins asset management licence in Singapore. More →

UK

Parents of teenage telecoms hacker admit moving cryptocurrency gains. More →

FCA increase scrutiny of crypto companies by 74%. More →

Bank of England lays out ‘terms of engagement’ for Libra. More →

OneCoin £4bn scam whistleblower reports death threats. More →

‘Satoshi’ enters the Oxford English Dictionary. More →

FCA will make final decision on cryptocurrency derivatives ban, gov’t says. More →

Zamna raises $5m to automate airport security checks on blockchain. More →

tZERO, Tezos to tokenise £500m of Manchester real estate. More →

Crypto custodian Koine wins e-money licence from FCA. More →

 

The Americas

Argentina

Central Bank of Argentina restricts dollar buys to $200 as forex reserves tumble. More →

Bitcoin trades at huge premium after central bank restricts dollar. More →

Bolivia

Inter-American Development Bank begins two-year blockchain land registry pilot. More →

Canada

Widow of CEO of collapsed crypto-exchange Quadriga CX to return $9m to investors. More →

Blockchain sector desperate for legal clarity, finds Digital Chamber of Commerce. More →

Bank of Canada considering Central Bank Digital Currency to share information with police. More →

Markets regulator greenlights Bitcoin fund by investment manager 3iQ. More →

United States

Bitcoin is not a security, according to SEC staff. More →

Congressmen ask Fed to consider developing digital US dollar. More →

Coinbase offers 1.25% yield for USDC holders. More →

SEC agree $225,000 penalty for decentralised cloud provider Nebulous. More →

Central Bank Digital Currencies inevitable but US won’t lead, says Philadelphia Fed. More →

Ohio companies reportedly lose ability to pay tax with cryptocurrency. More →

NYDFS hiring Deputy Commissioner with ‘special focus’ on blockchain. More →

Paypal becomes first member to quit Libra Association. More →

John McAfee launches decentralised exchange McAfeeDex. More →

NBA’s Sacremento Kings become first US pro sports team to launch cryptocurrency. More →

Vodafone head wants Libra to separate from Facebook. More →

Bitfinex faces $1.4 trillion class action lawsuit over unbacked Tether. More →

Telegram issues terms of service for Gram wallet. More →

SEC rejects Bitwise’s latest ETF application. More →

Bitwise, NYSE Arca plan to immediately reapply for ETF. More →

ETH is a commodity, will be regulated under Commodities Exchange Act, CFTC chairman Tarbert says. More →

Forked assets will be treated as commodity if previous blockchain not a security, say CFTC. More →

Libra Association ‘crumbling’ as Mastercard, Visa, eBay, Stripe, Mercado Pago exit. More →

SEC blocks Telegram’s $1.7bn ICO citing unregistered security defence. More →

SEC, CFTC, FinCEN issue rare three-party statement on digital assets AML. More →

IRS to ask taxpayers if they own or trade cryptocurrencies in 1040 tax form. More →

Libra regulatory standards ‘not up to par’, says Treasury Secretary Steven Mnuchin. More →

CFTC files against Circle Society over alleged $11m crypto, forex fraud. More →

Senator urges custodian Anchorage to remain in Libra Association. More →

Facebook open to series of fiat-pegged stablecoins for Libra, says David Marcus. More →

Lawmaker introduces bill classifying stablecoins as securities. More →

We deliberately popped 2017 Bitcoin bubble by introducing futures, ex-CFTC chair says. More →

None of Libra Association’s 20 partners committed $10m, reports BBC. More →

Facebook could quit Libra Association if regulation worries don’t subside, Zuckerberg says. More →

Kryptoin files Bitcoin ETF proposal with SEC. More →

Paypal CFO says it was never part of Libra Association. More →

Telegram TON investors approve delay, decline to ask for money to be returned. More →

SEC heading on Telegram ICO ban postponed until February 2020. More →

Coinbase generated $2bn in commissions since 2012, CEO says. More →

Bakkt to launch Bitcoin options futures on 9 December. More →

Mark Zuckerberg faces hostile Congress in Libra testimony. More →

Digital currency tops agenda as 90 regulators hit CFTC’s Fintech Forward 2019. More →

SEC issues ‘No Action’ letter to Paxos. More →

Paxos to launch blockchain settlement of US equities after SEC ‘No Action’ letter. More →

Bakkt enters consumer payments app with Starbucks tie-up. More →

AT&T disputes negligence over $1.7m crypto SIM-swap case. More →

Calibra head claims Libra more efficient on AML than any other payment network. More →

Credit Suisse, Societe Generale first to sign up for Paxos platform to settle securities on blockchain. More →

Federal Energy Commission approves 110-year-old former power plant in Montana to become cryptocurrency mine. More →

CFTC settles $100,000 order against Swiss XBT Corp for accepting Bitcoin to margin futures trades without licence. More →

 

Middle East & North Africa

Lebanon

Banks shutdown is ‘most potent case’ for cryptocurrency use, economist says. More →

UAE

Securities watchdog releases draft cryptocurrency regulation. More →

Instagram influencer arrested in Dubai over cryptocurrency scams. More →

BTSE exchange launches Monero futures contracts. More →

 

South Asia

India

Reserve Bank of India blocks police funds from sale of confiscated cryptocurrencies. More →

Supreme Court of India postpones hearing over Bitcoin ban to November. More →

Tamil Nadu developing state-level policy for blockchain and AI. More →

 

East Asia and the Pacific

Australia

Federal police say country’s first Bitcoin seizure from arms dealer saw crypto rise by 2,000%. More →

Cambodia

Central bank tests blockchain cross-border remittance. More →

China

Alipay bans cryptocurrency transactions across network. More →

President Xi stresses importance of ‘core blockchain technologies’. More →

Congress passes commercial cryptography law effective in 2020. More →

Mining rig giant Canaan files for $400m US IPO. More →

Finance heads urge People’s Bank of China to speed up digital currency launch to block Libra. More →

Chinese blockchain stocks soar after Xi comments spark investment hopes. More →

Tax authority approves Tencent to create global standard for blockchain invoices. More →

Mining giant Bitmain files for US IPO with Deutsche Bank as main sponsor. More →

Megacity Nanning latest to experiment with blockchain export financing platform. More →

People’s Bank of China introduces certification standards for fintech products. More →

Tap surplus hydroelectricity to boost cryptocurrency mining, says former vice-chair of China Securities Regulatory Commission. More →

Japan

Leading brokerages Nomura and Daiwa join SBI’s security token offering association. More →

Mitsubishi launch local cryptocurrency in popular tourist region. More →

Cryptocurrency political donations are legal and don’t need to be declared, says internal affairs minister. More →

Mt Gox trustees extend deadline again for 750,000 BTC lost through collapsed exchange. More →

Indonesia

Attorney General training lawyers in cryptocurrency as Bitcoin ban continues. More →

Singapore

Kucoin derivatives exchange KuMEX launches quarterly BTC futures. More →

South Korea

No need for Central Bank Digital Currency, says Bank of Korea official. More →

 

Africa

Ghana

Retired NBA player allegedly scams firm out of $825k in Bitcoin. More →

Kenya

Narobi court hears case of Bitcoin scammer. More →

Libra scammers ‘Calibra Kenya’ preying on unsuspecting investors. More →

South Africa

Hackers hit Johannesburg government website with $30k Bitcoin ransom. More →

Zimbabwe

Customers of silent Golix cryptoexchange fear exit scam. More →

Reserve Bank of Zimbabwe sues Golix over unpaid costs. More →

Golix made $15k, not $32m from ICO, sources claim. More →

Golix CEO claims he lost cold wallet password containing 33 BTC. More →

Uganda

Ministry of Finance reissues cryptocurrency trading & investing warning. More →

 

Caribbean

Bahamas

Central Bank of Bahamas announces plan to release digital fiat currency. More →

Bermuda

Crypto-exchange & mining firm Arbitrade disappears after claims to create hundreds of jobs with ‘title to $10bn in gold’. More →

Bermuda now accepts USDC stablecoin for tax payments. More →

Bermuda begins developing blockchain national ID system. More →[/vc_column_text][/vc_column_inner][vc_column_inner width="1/6"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]

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