July Regulator Roundup

100+ regulation and policy updates from the month of July

Copper

In July, U.S. crypto regulation talks heated up, Binance continues to pare back business areas amid ongoing regulatory pressure, and Nigeria, Ghana announce CBDC trials.

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Global

After global crypto crackdown, Binance promises to double international compliance team by 2021 end. More

Crypto population doubled to over 200M users since January, report says. More

The IMF warns cryptocurrency is not suitable as legal tender. More

Europe

ECB is looking to design a digital euro more energy-efficient than Bitcoin. More

Binance suspends crypto derivatives trading across Europe. More

Europe mulls anonymous crypto-wallet ban, rules to make transfers more traceable. More

Goldman Sachs settling crypto ETPs in Europe. More

EU entrusts $30M to new blockchain and digital assets fund. More

France

French government pushes for one agency to regulate crypto across the EU. More

Germany

German law allowing institutional funds to hold crypto comes into effect Aug. 2 More

21Shares partners with German brokerage to offer crypto ETPs for savings accounts. More

Italy

Italian finance regulator issues warning on Binance crypto exchange. More

Luxembourg

Luxembourg approves first asset manager to manage crypto assets. More

Malta

Okcoin secures regulatory approval in Malta. More

Netherlands

Okcoin secures regulatory approval in Malta and the Netherlands. More

Russia

Bitcoin inheritance tool to use cloud service by Russian Sberbank. More

Bank of Russia asks stock exchanges not to list crypto-related firms. More

Spain

UK citizen arrested in Spain for role in 2020 Twitter hack. More

Spanish Congress passes antifraud law: users will have to disclose crypto holdings inside and outside Spain. More

Sweden

Swedish crypto scammer sentenced to 15 years in prison. More

Switzerland

Switzerland’s largest bank UBS says clients have crypto FOMO. More

Turkey

Turkey’s crypto bill ready for parliament, says Deputy Minister of Finance. More

UK

British police seize $250m of cryptocurrency in international money laundering crackdown. More

Cryptocurrencies don’t yet pose a threat to financial stability, Bank of England’s Cunliffe says. More

Britain’s crackdown on Binance boosts the cryptocurrency exchange’s rivals. More

UK FCA will spend £11M to warn people about investing in crypto. More

UK financial watchdog warns consumers over CoinBurp crypto launch. More

Misleading crypto ads to be targeted by UK watchdog. More

Ukraine

Ukraine central bank now officially allowed to issue digital currency. More

Americas

Brazil

Ethereum ETF to list on Brazil’s stock exchange. More

Brazilian police seize $33m in crypto money laundering probe. More

Brazil: nominee to lead the securities commission pushes for more control on the crypto markets. More

Colombia

Colombia’s first commercial bank will let users transfer money to crypto exchange. More

Central bank of Colombia announces first blockchain bond pilot program. More

El Salvador

IMF issues veiled warning against El Salvador’s Bitcoin Law. More

Salvadorans take to the streets to protest Bitcoin Law. More

Mexico

Mexican regulator: 12 cryptocurrency exchanges are operating illegally. More

United States

Thiel-backed crypto group Bullish Global plans Wall Street debut. More

US crypto investors get ready for more taxes, but with clearer rules for traders. More

New bill proposes US Treasury to have full authority over fiat stablecoins. More

Congressman takes aim at peers who think crypto could cause a ‘financial 9/11’. More

US–Japan digital trade deal should include crypto: American think tank. More

Law professor calls for crypto mining regulation during US Senate hearing. More

US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion. More

Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats. More

$10B asset manager registers new Bitcoin fund with SEC. More

SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs. More

Binance US ‘looking at IPO route,’ CZ says. More

BlockFI ordered to stop onboarding New Jersey-based customers. More

Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines. More

Judge allows Ripple to depose SEC official who decided ETH is not a security. More

Rep Tom Emmer introduces bill to provide certainty for digital assets. More

US government delves deeper into crypto accountability with $10M bounty. More

Tennessee city wants to accept property tax payments in Bitcoin. More

US senators call on American athletes to boycott the digital yuan during the Beijing Winter Olympics next year. More

SEC fines Coinschedule $200K over sponsored favorable ICO ratings. More

SEC delays decision on Wisdom Tree Bitcoin ETF. More

Fed Chair says stablecoins need stricter regulation, speaks on CBDC. More

Caribbean

Bermuda

Multi-asset exchange wins crypto trading license in Bermuda. More

Jamaica

Bank of Jamaica to begin digital currency pilot in August. More

Middle East & North Africa

Iran

Licensed Iranian crypto miners ordered to halt production ‘altogether’. More

Iran crypto mining remains suspended amid blackouts. More

Israel

Israeli gov’t seeks to track crypto holdings above $61k. More

Israeli counterterror authority orders seizure of 84 crypto addresses it says belong to Hamas. More

Kazakhstan

Coal-powered bitcoin mining soars in Kazakhstan following Chinese ban. More

Kazakhstan to reportedly allow banks to process crypto purchases. More

UAE

UAE to issue its own ‘Govcoin’ digital currency amid the rise of cryptocurrency. More

South Asia

India

India to use Ethereum blockchain to verify diploma certificates. More

Reserve Bank of India mulls first steps toward an eventual CBDC. More

Indian regulator probes crypto exchange for alleged forex law violations. More

Indian high court seeks ad disclaimers from crypto exchanges. More

East Asia & the Pacific

Australia

Blockchain Australia calls the state for crypto safe harbor. More

Australian digital finance industry wants to legally recognise DAOs. More

China

China’s central bank is ‘quite worried’ about global risks from some digital currencies. More

China shuts down crypto mining in Anhui province. More

Bit Mining raises $50M to take operations out of China. More

Hong Kong

Hong Kong police bust a crypto money-laundering scheme worth $155 million. More

Japan

Japanese remittance firm to use Ripple ODL for money transfers to the Philippines. More

Japan to reportedly take action to scrutinize crypto globally. More

Japanese police arrest alleged masterminds behind $55M ‘AI-led‘ crypto scam. More

Malaysia

Binance banned in Malaysia, given 14 days notice to shut down operations. More

Singapore

Crypto exchange gets Singapore nod on digital token services. More

43% of Singaporeans own crypto, according to Independent Reserve survey. More

South Korea

New rules could permit Korean gov’t to seize tax evaders’ crypto. More

South Korea to take action against unregistered crypto exchanges. More

Bank of Korea selects Kakao’s blockchain arm for digital won tests. More

Thailand

Bank of Thailand: don’t use crypto for payments. More

Why Thailand’s oldest bank is investing US$110 million in DeFi. More

Homemade mining rig kills 26-year old Thai crypto miner. More

Africa

Ghana

Ghana’s vice president declares Africa should embrace digital currencies. More 

Ghana to start CBDC pilot in September as it seeks to reduce cash reliance. More

Kenya

Kenyan electoral commission nominee clamors for blockchain voting. More

Nigeria

Nigeria to pilot central bank digital currency in October. More

South Africa

Tweaks to South African tax filing system to result in decreased crypto arbitrage. More

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