February Regulator Roundup

The shortest month brings no shortage of regulations to chew over

Copper Team

Libra pushes on, US backs crypto SRO and token sale safe harbour, coronavirus delays CBDCs and crypto-friendly banks moon as governments scramble to follow.

Jump to Global

Jump to Europe

Jump to Americas

Jump to Middle East & North Africa

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Jump to East Asia & the Pacific

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Global

Central banks of UK, Sweden, Switzerland, Canada, Japan and EU set April meeting on developing digital currency. More →

Cryptocurrency crime losses double to $4.5bn in 2019, CipherTrace finds. More → 

Blockchain deals fall from $6.3bn 2018 high but investment ‘remains robust’, says KPMG. More →

FinCEN among 50 Financial Intelligence Units to meet to discuss ‘international ramifications’ of cryptocurrency. More →

Blockchain adoption grows as wallet users hit record 44.69 million in Q4 2019. More →

DeFi hits record $372m volume in February 2020, Dune Analytics figures show. More →

Global regulators must get up to speed on crypto, urges Financial Stability Board chair. More →

G20 urges governments to adopt tough FATF cryptocurrency rules. More →

Bank lending could dry up in cryptocurrency economy, Bank of England official warns. More →

Immigration and Customs Enforcement reveals cryptocurrency intelligence probe targeting P2P. More →

Facebook’s Libra in final dev testing before 2020 mainnet launch. More →

Blockchain is wrong tech for voting, says MIT cryptography expert. More →

Europe

Estonia

MetaBlock Exchange claims it complies with FATF ‘travel rule’. More → 

EU

ECB investigating CBDC launch ‘for the people’ says Christine Lagarde. More →

European Commission consultation on regulating cryptocurrency extends to March deadline. More →

European Parliament says it can’t regulate Libra without more clarity. More →

Belgian firm sets up first node for cross-European blockchain network. More →

Finland

Customs agency seized $15m in Bitcoin but don’t want to sell. More →

France

Central Bank Digital Currency ‘at least 10 years away’ says former governor. More →

Germany

BaFIN regulator clarifies licensing process for foriegn crypto custodians. 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

High Court seizes €52m in Bitcoin from convicted drug dealer. More →

Luxembourg

Bitstamp adds SegWit support for Bitcoin addresses. More →

Malta

Binance ‘not authorised’ to operate in Malta, says MFSA regulator. More →

MFSA highlights problems with security token issuances. More → 

New government says it still wants Malta to be ‘Blockchain Island’. More → 

Russia

Central bank proposes legal framework for tokenisation. More →

Tokenisation plan will label cryptocurrency activity as suspicious, report says. More → 

Cybersecurity firm Kaspersky unveils blockchain voting system. More →

Sweden

Riksbank begins testing e-krona ahead of CBDC development. More →

Switzerland

FINMA regulator proposes 1,000 franc client ID threshold for crypto transactions. More →

Ominex cryptoexchange wins investment from SIX. More →

UK

Small crypto startups will pay decreased £2,000 registration fee, FCA regulator says. More →

Crypto merchant bank DAG Global hopeful of FCA license award. More → 

Retail investors ‘not interested in crypto derivatives’ claims eToro head. More →

Bank of England working paper claims demand can reduce cryptocurrency prices. More → 

UK cryptoasset regulatory clarity sparked renewed investment drive, KPMG report says. More → 

Bank of England chief cashier signals support for UK-backed cryptocurrency. More → 

Chinese crypto firm Zeux told to remove Tube ads claiming 5% savings interest rate. More →

Crypto-friendly challenger bank Revolut raises $500m Series D for $5.5bn valuation. More →

London-based Global Digital Finance pushes for US crypto SRO. More → 

Ukraine

Government won’t regulate crypto mining, ministry says. More → 

Blockchain ‘unnecessary’ for CBDCs, central bank claims. More →

IT worker at state-owned firm convicted of using office computers to mine Bitcoin. More →

Americas

Unregistered cryptoexchanges fuelling Latin America money-laundering boom, report finds. More →

Brazil

Central bank debuts instant payments to hold off Bitcoin growth. More → 

Canada

Shopify to join Libra Association. More →

‘No need’ for CBDC now, says central bank. More →

United States

Food inspectorate to test IBM blockchain for exports. More → 

Federal Reserve Governor Brainard says privacy, ID, data top concerns for US CBDC. More →

Kleiman lawyers accuse Craig Wright of ‘abusing privilege’ to block 11,000 documents.  More →

Federal Reserve weighs up cost-benefit analysis of CBDC. More →

Landmark case claiming Bitcoin Cash market manipulation fails. More → 

SEC unveils legal framework for ICOs. More → 

Regulators willing to engage with Bitcoin finserv providers, say Grayscale. More →

Judge invites CFTC to comment on SEC Telegram case. More →

SEC Commissioner Hester Peirce puts forward 3-year ‘safe harbour’ for token sales. More → 

Paystand raises $20m Series B to scale. More → 

Social media firms that tokenise ‘must follow law’ says FinCEN. More → 

US government lost $1.7bn on Bitcoin auctions by failing to HODL, research claims. More → 

SEC charges fraudster who raised $33m from fake crypto algo trading scheme. More → 

JP Morgan in talks to merge Quorum blockchain unit with Consensys. More → 

IRS rejects Government Accountability Office request to clarify crypto taxation. More → 

FinCEN preparing ‘significant new requirements’ for cryptocurrency, says Treasury Secretary. More →

CFTC’s fintech innovation arm seeks crypto firms for engagement. More →

Pro-Bitcoin Presidential candidate Andrew Yang drops out of 2020 race. More → 

Coinbase Pro adds 3x margin trading in 23 states. More →

Coinbase Custody wins SOC1 and SOC2 certification. More →

Craig Wright threatens to sue BTC and BCH over Bitcoin database use. More →

Department of Justice criminalising on-chain privacy, starting with crypto mixers. More →

Nominee to lead Federal Reserve says US must be proactive on CBDC. More →

Court papers show TON community firing back at SEC over Telegram case. More →

Blockchain payment, signature bills advance in New York state senate. More →

IRS to host March crypto tax evasion summit with startups. More →

Hester Peirce calls for ‘safe harbour’ comment from crypto industry. More →

Leading 2020 Presidential candidate Mike Bloomberg publishes cryptocurrency framework masterplan. More →

DeFi platform bZx hacked twice in a week for 3500 ETH. More →

Enigma agrees to return $45m from ICO, register ENG tokens as securities.  More →

Federal judge tells SEC ‘don’t get hung up on labels’ in Telegram $1.7bn ICO case. More →

Coinbase wins Visa membership to issue Bitcoin debit cards. More → 

Crypto industry lauds ‘safe harbour’ token sale rules. More → 

Bank regulator OCC hits New York’s Safra for ‘extensive’ AML failures. More → 

Possible US cryptocurrency SRO, stablecoins on CFTC agenda. More →

New Jersey lawmakers wants to create state crypto license. More →

Blockchain pioneer Caitlin Long announces plans to launch first dedicated crypto bank in US. More → 

Congress to hear digital currency case in March. More → 

Department of Commerce calls for rule change requiring finserv firms to state cross-border cryptocurrency usage. More → 

Court finds Microsoft engineer guilty of amassing Bitcoin fortune through embezzlement. More →

Crypto investor allowed to proceed with $24m AT&T SIM-swap hack case. More → 

Tokenised US Treasury bond fund seeks foothold in $17trn market.  More →

SEC squashes Bitcoin ETF dreams by denying Wilshire Phoenix/NYSE Arca. More → 

Outgoing SEC Commissioner Hester Peirce slams Bitcoin ETF rejection. More → 

Bitcoin behind 50% of Square’s Cash App revenue in Q4 2019. More →

CFTC commissioner Brian Quintenz backs US crypto SRO ‘to further market integrity’. More →

Judge allows class-action XRP lawsuit against Ripple to proceed. More → 

Victims paid $144m in Bitcoin ransoms since 2013, FBI reveals. More →

House Committee to probe blockchain impact on small business. More →

Documents reveal Coinbase is testing controversial AI facial recognition. More →

Steven Seagal settles for $157k with SEC over Bitcoiin2Gen ICO promotion: More →

Crypto broker Tagomi joins Libra Association. More →

Wilshire Phoenix slams SEC Bitcoin ETF denial. More →

Middle East & North Africa

UAE

Abu Dhabi FSRA regulator updates crypto framework in line with FATF. More →

Moody’s ratings agency deems cross-bank KYC blockchain ‘credit positive’. More →

Iran

General calls for country to use cryptocurrency to evade sanctions. More →

South Asia

India

Telengana state to launch dedicated blockchain incubator. More → 

Government think tank plots key blockchain use cases. More →

East Asia & Pacific

Australia

Government to ramp up blockchain adoption in latest National Roadmap. More →

AUSTRAC regulator confirms number of cryptoexchanges has grown to 312. More →

Court accepts cryptocurrency as security for legal costs. More → 

Cambodia

Government announces state-backed CBDC. More →

China

Crackdown on cryptomining sees production shift to North America. More →

Coronavirus delays CDBC launch, says government. More →

FCoin exchange plans to re-open, return $130m in missing Bitcoin. More → 

Bitfinex, OKEx brought down by DDos attack.  More →

Hong Kong

Tether adds Chainalysis KYT tool to spotlight money laundering. More →

Bitfinex ups max leverage to 5x on BTC, XRP, ETH, LTC. More →

Country considering tougher FATF-style cryptocurrency regulations, Finance Secretary says. More →

Bitfinex claims to have paid $100m of outstanding $700m Tether loan. More → 

Japan

700m LINE users to trade crypto as social network wins SRO approval. More → 

Lawmakers push for G7 support for digital yen. More →

Ruling party aims to add digital yen CBDC to government policy. More →

Financial authorities collaborating on CBDC research. More → 

Bank of Japan governor calls for more scrutiny before CBDC launch. More →

LINE shuts down Singapore exchange to launch US-based Bitfront. More →

New Zealand

Tax authority plans to drop ‘unfavourable’ cryptocurrency sales tax. More → 

Philippines

Police documents suggest regulator of crypto-focused Cagayan Economic Zone ‘outrageously corrupt’. More → 

Singapore

Binance has applied for crypto license, CEO says. More →

Market maker B2C2 wins appeal over Quoine exchange Bitcoin trade reversal. More → 

South Korea

Samsung launch security chip to protect data on cryptocurrency devices. More →

Ripple strikes three deals for money transfer firms to use RippleNet. More → 

Tax authority recommends capital gains tax on crypto trading. More →

M.Pay deal will see 13,000 ATMs support Litecoin withdrawals. More →

Coronavirus crackdown stalls crucial cryptocurrency legislation. More → https://decrypt.co/20770/coronavirus-stalls-crucial-south-korean-crypto-legislation

Taiwan

Binance throws weight behind Shyft Network in FATF ‘travel rule’ race. More →

Binance debuts P2P trading. More → 

Caribbean

Bermuda

Cryptoexchange developer named in US lawsuits seeking $200k damages. More →

Africa

Seychelles

Ex-employee thought to be behind leak of 8,000 KYC customer data docs from Digitex Futures exchange. More → 

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