June Regulator Roundup

120 new regulatory updates from across the globe

Copper Team

Millions more turn to cryptocurrency, CBDC vs Libra ignites again, central banks fight for survival while international investment floods into Bitcoin

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Global

International oil group says blockchain shows promise for automated payments. More →

36% of institutional investors hold Bitcoin, 80% want to, says Fidelity. More → 

World Economic Forum explores blockchain to fight gov’t corruption. More →

60% of Bitcoin held long term as ‘digital gold’, finds Chainalysis. More →

UNICEF donates 125ETH to eight startups fighting Covid-19. More →

Over 60% of Bitcoin has not moved in 12 months, Glassnode findsMore →

MakerDAO loses #1 DeFi spot to Compound. More →

Retail investors, not institutions, will push demand above Bitcoin supply, report claims. More →

FATF meets to discuss travel rule next steps. More →

CBDCs ‘not a reaction to Libra’, say Bank for International Settlements. More →

Balancer DeFi hacked twice in 24 hours. More →

BIS open new hubs in London, Stockholm, Toronto to study digital currency. More →

Personal data of users in UK, US, Singapore, South Africa leaked in Bitcoin scam. More →

Monthly DEX volume hits $1.5bn all time high. More →

Europe

EU

Bitcoin ATMs ‘money laundering tool for criminal gangs’, says Europol. More →

Comprehensive cryptoasset regulation will debut in 2020, says EU chief economist. More →

Estonia

Regulator revokes 500 crypto firm licenses in huge crackdown. More →

Finland

LocalBitcoins darknet use dropped 70% after adding KYC, AML. More →

Germany

Junior stock exchange Deutsche Borse Xetra lists Bitcoin ETF. More →

 Ex-Wirecard CEO Markus Braun arrested as £2bn fraud unravels. More →

Crypto card backer Wirecard files for insolvency. More →

 Crypto-friendly solarisBank raises $67.5m Series C for $360m valuation. More →

Lithuania

Bank of Lithuania enters final tests for ‘pre-CBDC’ blockchain collectors coin. More →

Monaco

Parliament adopts legislation on ICOs and STOs. More →

Office of Digital Affairs begins STO approvals, starting with Euronext exchange subsidiary. More →

Netherlands

ING bank claims to have solved crypto FATF travel rule with new protocol. More →

Russia

Ministry of Economy pushes back against sweeping ban on cryptoMore →

St Petersburg court rules 99BTC theft not a crime due to lack of legal status. More →

Spain

Draft bill will force crypto firms to register under AMLD5. More

Sweden

Central bank releases 98-page report on e-krona CBDC. More → 

Switzerland

SEBA Bank launches positive yield BTC product. More →

Tax laws won’t change for blockchain, says Parliament. More → 

UK

With the right regulation, stablecoins will be safe to use in place of money, says Bank of England’s Executive Director for Financial Markets Infrastructure. More →

Unilever outlines $1bn climate change fund using blockchain to tackle deforestation. More →

China-backed UKEX exchange files for FCA approval. More →

FCA urges cryptoasset firms to register before June end deadline. More →

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

Telegram ordered to pay ICO investors $1.2bn alongside $18.5m SEC fine. More →

UK cryptoasset ownership spikes by 1.1m, FCA finds. More →

‘Devious’ SMS Bitcoin investment scam hits 147,000 in UK. More →

Crypto trader GPay wound up by High Court after losing £1.5m in client funds. More →

Crypto.com cards work again as FCA lifts Wirecard subsidiary suspension. More →

BHP completes first iron ore blockchain trade with China steel giant. More →

Americas

Canada

Ontario Securities Commission reveals QuadrigaCX truth after 10-month probe. More → 

Zero-knowledge proofs ‘too immature’ for CBDC use, says Bank of Canada. More → 

 Toronto-listed crypto miner Hut 8 closes $8.3m equity issue. More → 

United States

FinCEN will crack down on jurisdictional arbitrage, says Director Ken Blanco. More → 

Jerome Powell hints Fed could replace LIBOR with ETH-based interest rate reference. More →

Pentagon war game rewarded agitators with BTC to take down Wall Street. More →

IRS, DEA in talks to buy Coinbase blockchain analysis software. More →

Crypto-friendly Robinhood trading send retail market wild. More →

Financial Services Committee lays out case for Digital Dollar. 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 → 

Wisdomtree files for new ETF including 5% Bitcoin futures. More → 

US must lead world in unrestrictive crypto regulation, says CFTC chair. More →

Bitcoin mining manufacturer Ebang posts $2.1m Q1 loss in IPO filing. More →

ErisX debuts first ETH futures contract. More → 

Jay Clayton SEC exit raises hopes for Bitcoin ETF approvalMore → 

Paypal, Venmo plan to let users buy cryptocurrency. More → 

Corner store operator Libertyx increases Bitcoin ATM scope to 25,000 in 45 states. More → 

Supreme Court limits SEC power to seek punitive damages for investors. More → 

Stablecoins are the future, says Chamber for Digital Commerce. More → 

Craig Wright claims to own Bitcoin address with 8,000BTC stolen from Mt Gox. More → 

CipherTrace links Bitcoin ATMs to money laundering. More →

Libra-like stablecoins can improve consumer welfare, Fed research finds. More →

Federal judge rules $70m ICO class action can go ahead. More → 

Kleiman vs Craig Wright Satoshi case heads to trial as sanctions denied. More →

Disgraced lobbyist Jack Abramoff faces prison for $5.6m ‘AML Coin’ fraud. More →

NY regulators to pair crypto firms with ‘guardians’ for conditional BitLicense. More →

P2P exchange Paxful overtakes LocalBitcoins for first time. More →

Regulator adds ‘three-strike-rule’ for BitLicense applications. More →

KPMG launches crypto management tool to accelerate institutional adoption. More →

California university pays $1.14m in BTC to ransomware hackers. More →

Court of Appeal allows warrant-free search of Coinbase, Bitcoin blockchain in child-porn payment case. More →

CFTC physical delivery of digital assets guidelines go live. More →

Venezuela

Country tests Bitcoin payments for passports. More →

Middle East & North Africa

Lebanon

Fiat currency crashes 80% on huge central bank lossesMore →

Saudi Arabia

Central bank uses blockchain to pump $13bn into national banks. More →

South Asia

India

India to gain huge crypto market share in 2020, says report. More → 

Government reconsiders dropping cryptocurrency ban. More →

Ripple whitepaper outlines framework for India cryptoasset regulation. More → 

Banks reluctant to work with crypto firms despite RBI approval. More →

Chance of countrywide crypto ban hits new low, says Coinswitch CEO. More → 

East Asia & Pacific

Australia

Fake cryptoasset scams spiking during Covid-19, warns regulator. More →

Australians lost $14m to crypto scams in 2019, authorities say. More →

Australians can now buy Bitcoin at 3,500 Post Offices. More →

Users pressure ASX to delay blockchain settlement upgrade. More →

ASX delays blockchain settlement upgrade rollout to 2022. More →

China

Police freeze 4,000 crypto trader bank accounts. More →

China plans ‘East Asia cryptocurrency’ based on HK$, CN¥, JP¥, SK₩More → 

Five major banks deny crypto trader accounts will be frozenmMore →

College entrance exam to add questions on Bitcoin miningMore →

Guangfa Bank debuts blockchain settlement to speed up trade between Mainland, Hong Kong, MacauCollege entrance exam to add questions on Bitcoin miningMore →

Bitcoin rises in state-backed blockchain rank, EOS still topMore →

Digital yuan CBDC back-end development complete, says officialMore →

ETH worth $188m tied to Plustoken scam moves for first time in months. More →

Beijing sets up special fund to become 2022 blockchain hub. More →

Japan

Three major banks to link digital currencies with transit cardsMore →

Nomura, Coinshares launch Jersey-registered institutional custodian Komainu. More →

White Tiger local cryptocurrency begins testing in Fukushima will continue after 2023, in boost to crypto. More →

Bank of Japan negative rates will continue after 2023, in boost to crypto. More →

New Zealand

Police seize $90m from alleged BTC-e operator. More →

Singapore

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

Digital Asset Holdings makes surprise pivot from trade settlement to smart contracts. More → 

Bitcoin seller first to be prosecuted under new AML act. More → 

South Korea

State investment fund joins Libra project. More →

Taiwan

Government to unveil suspected 20% crypto tax rules in July. More →

Bithumb exchange prepping IPO, local media reports claim. More →

Thailand

Blockchain pay startup Synga raises $80m Series C from banks, Toyota. More → 

Thai police target narco millions hidden in gold, steel and crypto. More → 

Caribbean

Bermuda

Insurtech smart contract startup opens Bermuda office. More →

Africa

Kenya

First blockchain startups join Kenya regulatory sandbox. More →

South Africa

Solar startup that pays rent in cryptocurrency wins $3m backing. More →

Zimbabwe

Reserve Bank financial intelligence unit threatens to freeze Bitcoin trade. More → 

Reserve Bank halts mobile money trading apps in system-wide crackdown. More → 

 

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