July Regulator Roundup

Over 120 updates worldwide as crypto splits regulators

Copper Team

FATF tightens focus, CBDCs race forward, Sharia council backs Bitcoin investing, Iran doubles down and Russia drops the hammer.

Jump to Global

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Global

Germany takes over FATF from China as Travel Rule improves. More →

FATF plan October meet to strengthen crypto regulation framework. More → 

World Bank smart contract research finds financial inclusion benefits. More →

World Federation of Exchanges asks Financial Stability Board for common cryptoasset, stablecoin definitions. More →

Private sector could ‘bring value to CBDCs’, says IM. More →

Europe

Austria

A1 Telekom Austria adds Bitcoin payment service to thousands of retailers. More →

Finland

P2P exchange LocalBitcoins adopts Elliptic tracing in compliance move. More →

France

Official move to start trial of alleged BTC-e criminal money laundering operation. More →

Germany

BaFIN highlights ICO, STO work in 2019 round up. More →

Binance adds BaFIN-registered CM Equity to broaden German crypto sales. More →

Latvia

Police seize $126k in cryptocurrency in cybercrime bust. More →

Lithuania

Central bank claims world first with CBDC precursor, blockchain-based coin launch. More →

Netherlands

ING Bank to chair crypto custody working group to set industry standards. More →

Russia

Suspicion reigns in commercial blockchain as FSB takes over cryptography checksMore →

Bug in Moscow blockchain polling system can show how users voted. More →

Parliamentary law ‘On Digital Financial Assets’, defines crypto as property, bans paymentsMore →

Cryptocurrencies are pyramid scheme, not investment, says Bank of Russia. More →

Putin signs bill to make cryptocurrency illegal as means of payment in Russia. More →

Spain

National operator Iberpay says blockchain bank smart contract trials complete. More

Switzerland

National Council amends 12 finance laws to encourage blockchain boom. More → 

UK

Japan’s SBI takes £30m minority stake in UK crypto market maker B2C. More →

UK exchanges falling behind as buyers turn to overseas options, FCA results show. More →

1.1 million spike in new crypto buyers in UK, FCA finds. More →

Britain to beef up powers to regulate cryptoassets, finance ministry says. More →

Britain nearly went bust in March, Bank of England reveals. More →

Cambridge, World Bank researchers study Covid-19 pandemic’s affect on fintech. More →

Ukraine

Security services detain two for Bitcoin bomb threat. More →

 

Americas

Brazil

Regulators block Binance from offering derivatives. More → 

Canada

Canada Stock Exchange owner JPX moves on with blockchain settlement pilot. More → 

Ontario Securities Commission accuses Coinsquare of 590,000BTC wash trading. More → 

Coinsquare execs to resign over wash trading scandal. More →

3iQ files IPO for ETH fund on Toronto Stock Exchange. More →

El Salvador

Village adopts Bitcoin as local currency after anonymous donation. More → 

Mexico

Promoters of OneCoin Ponzi scheme found murdered. More →

United States

Senate floats bill requiring watchdog to track illicit crypto use. More →

Crypto-friendly trading app Robinhood raises new funds for $8.3bn valuation.  More →

Bitcoin market structure more resilient than equities, gold, says JP Morgan. More →

Crypto founder admits $25m ICO fraud. More → 

Major Bitcoin wallets address double-spend vulnerability. More → 

Arca registers ETH bond fund for institutional investors with SEC. More →

Bakkt volume leaps as institutional interest grows. More →

Costco strikes blockchain ocean cargo deal with Alibaba. More → 

IRS challenged to find tech to trace problem privacy coinsMore → 

Texas Securities Board labels South Africa trading pool a fraud. More → 

Coinbase readying landmark IPO, says Reuters. More → 

Telegram defeat ‘not binding’ in Kik case, judge tells SEC. More →

SEC, CFTC hit Abra Cryptocurrency app with joint charges over illegal swaps. More → 

Crypto investors can donate to charity to minimise tax. More → 

Cryptocurrencies can not comply with US anti-encryption rules, say lawmakers. More → 

Co-ordinated spear phishing attack on Twitter accounts leads to celebrity Bitcoin scam. More → 

NYDFS BitLicense refresh reaction ‘beyond positive’, says chief. More → 

Institutions invested record $900m in crypto products in Q2, says Grayscale. More → 

US audit firms warn of overconfidence with crypto holding clients. More →

2020 uncertainty slows release of IRS crypto broker rules. More → 

Mastercard expands cryptocurrency card deal with UK startup Wirex. More → 

CFTC chair reaffirms commitment to regulate cryptocurrencies on his watch. More → 

SEC Commissioner Pierce blasts regulator’s Telegram action. More → 

Coinbase, BitGo plan P2P user info sharing system to comply with FATF Travel Rule. More → 

Office of the Comptroller of the Currency greenlights US banks to custody crypto. More → 

Department of Justice takes down $25m Bitcoin ATM scam. More → 

US says Ghosn son made $500k crypto payment for Japan escape. More → 

Senate Banking Committee hearing sees Digital Dollar as ‘tool for economic supremacy. More → 

Quebec trio charged with $8m PlexCoin scam. More →

Federal court defines Bitcoin as ‘form of money’ in Washington DC. More → 

Bitcoin rides to 2020 high on Gold rally, US dollar slump. More → 

Traders debate if gold or Bitcoin is best safe haven amid world uncertainty. More → 

A large part of financial system could end up on blockchain, CFTC chair says. More →

Abra adds 9% yield Bitcoin interest accounts. More →

SEC gives CipherTrace contract as only software able to track BinanceChain. More → 

Congressional Blockchain Caucus co-chair rebuked, ordered to pay $50k fine. More →

2000% crypto pivot firm Longfin ordered to repay $223m to investors after scandal-hit IPO. More →

Two teenagers and 22-year old charged for biggest ever Twitter hack. More →

FinCEN warns on Covid-19 scams demanding crypto. More →

Ripple twists and turns over XRP class-action lawsuit. More →

Cryptoexchange operator to list on NASDAQ in September through reverse merger. More →

Travel giant CWT pays $4.5m Bitcoin ransom in Ragnar DDOS attack. More →

17-year-old accused of being mastermind behind Twitter hack, $100,000 bitcoin scam. More →

Venezuela

Military seizes 315 cryptomining rigs as operators claim extortion. More →

Middle East & North Africa

Iran

Cryptominers have one month deadline to register with authoritiesMore →

14 cryptominers licensed, electricity tariffs dropped 47%. More →

Power plants now authorised to mine Bitcoin. More →

Israel

Tel Aviv Stock Exchange preps blockchain-based securities lending. More →

UAE

Blockchain KYC platform goes live between banks. More →

Kazakhstan

Government to double investment in cryptomining. More →

Kazakhstan aims for top three global position in Bitcoin mining. More →

South Asia

India

Multi-million subscriber Youtube channels hacked for Bitcoin scam. More → 

Government confirms crypto bill is awaiting approval. More →

Sri Lanka

Central bank selects shortlist for blockchain KYC proof of concept. More →

East Asia & Pacific

Australia

New South Wales state treasury proposes flexible blockchain regulatory reform. More →

Binance launches in Australia. More →

China

Alibaba leads blockchain patent race. More → 

Rideshare giant Didi gets digital yuan’s first real-world CBDC testMore →

Nanjing Iron & Steel seals blockchain ore deal with Rio Tinto JVMore →

BSN blockchain infrastructure integrates with Tezos, NEO, ETH, EOSMore →

Supreme Court calls for better protection of cryptocurrency rightsMore →

Beijing to pilot blockchain for private stock registration, custodyMore →

China did not ban Bitcoin entirely, says Beijing arbitration. More →

Police arrest 109 in $6bn Plustoken scam swoop. More →

Japan

Japanese CBDC at heart of policy framework documentMore →

Central bank creates department to study digital yen CBDC. More →

Bank of Japan sets new head for CBDC digital currency department. More →

Malaysia

Regulator warns over unlicensed Bitcoin ATMsMore →

Sharia Advisory Council gives backing to Bitcoin investments. More →

Binance ‘operating illegally’ in Malaysia, regulator says. More →

Securities Commission plans to extend crypto regulation to wallet providers. More →

Philippines

Four more cryptoexchanges licensed by central bank. More →

UnionBank completes blockchain remittance pilot. More →

Central bank forms working group to study CBDC. More →

Singapore

Cryptojacking hackers targeting Singapore because of fast internet, report finds. More → 

Monetary Authority of Singapore blockchain payment network ready to launch. More → 

MAS may include overseas activity in crypto regulation. More → 

Japan’s Liquid delists 29 cryptocurrencies to comply with Singapore FATF regulation. More → 

South Korea

Court refuses US extradition order for darkweb Bitcoin-based child porn operator. More →

Government finalises 20% cryptocurrency tax. More →

Taiwan

Binance acquires London crypto debit card provider Swipe. More →

Binance unveils crypto debit card in EU and UK. More →

Thailand

Bank of Thailand rolls out CBDC to multinationals ahead of launch. More → 

Thai regulator greenlights licenses for four more crypto service providers. More → 

Caribbean

Bermuda

Insurtech smart contract startup opens Bermuda office. More →

Africa

Nigeria, Uganda lead explosion in Africa crypto interest. More →

South Africa

Government proposes new crypto regulation framework in line with FATF. More → 

Cryptoexchange VALR raises $3.45m in Series A. More → 

Uganda

Communications Commission puts SIM cards on blockchain. More → 

 

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