March Regulator Roundup

100+ regulation and policy updates from the month of March

Copper

US SEC gets inundated with Bitcoin ETF applications, Pakistan government plans to engage in crypto mining, and India still continues to weigh the implications of a potential crypto ban.

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Global

Crypto M&A set to notch record after doubling in 2020: PWC. More →

Bitcoin could be at start of massive mainstream transformation: Citi report. More →

Global cryptocurrency assets under management reached $57bn. More →

Visa moves to allow payment settlements using cryptocurrency. More →

Bank of International Settlements chief advocates for more regulation. More →

FATF’s new guidance takes aim at DeFi. More →

Stablecoin reserves on crypto exchanges hit new historic high of $10bn. More →

Europe

Digital euro could take four years, says ECB president Christine Lagarde. More →

Belarus

Belarus aiming for more control over digital economy, crypto exchanges: report. More →

Denmark

Danish Red Cross launches $3 million blockchain-based volcano disaster relief bond. More →

France

Lawmaker signs petition calling for legal changes that would allow France’s central bank to buy Bitcoin. More →

French government to pocket $30m from first-ever cryptocurrency auction.  More →

France is buzzing with NFT startups. More →

Germany

Germany’s financial regulator issues retail crypto investment warning. More →

Germany’s Central Bank tests blockchain solution to counter CBDCs. More →

German bank to offer cryptocurrency services. More →

German-founded islamic finance-focused Caizcoin enters crypto market. More →

Ethereum ETP launches in Germany. More →

Norway

Norway-listed Aker to put 100% Bitcoin in treasury reserves of new investment unit. More →

Norway’s fourth-richest man invests in a crypto mining ASIC manufacture. More →

Norway is the world’s most cashless country – but its central bank isn’t keen on Bitcoin. More →

Russia

Russia’s state Hermitage museum to host NFT art exhibition. More →

Putin says Russia must stop illegal cross-border crypto transfers. More →

Russia’s money laundering watchdog monitoring crypto to ruble transactions. More →

Over 50% of Binance’s Russian customers believe crypto can replace bank deposits. More →

Spain

Spanish island government decides to sell its Bitcoin investment. More →

Sweden

Crypto fund CoinShares jumps 33% in first day on Nasdaq’s Swedish exchange. More →

Major Swiss retailers set to debut Bitcoin gift cards. More →

Switzerland

Bitcoin Suisse pulls bank application amid regulatory concerns. More →

Turkey

Turkish finance ministry to study cryptocurrency with local regulators. More →

Turkey’s slumping lira adds fuels to crypto trading boom. More →

UK

UK watchdog bans socially irresponsible Bitcoin ad. More →

Cryptocurrency exchange Bybit shuts up shop in UK in compliance with FCA ban. More →

UK to focus crypto rules on stablecoins, says minister. More →

UK tax authority updates treatment of crypto assets to incorporate staking. More →

UK is the third most interested country in crypto. More →

UK crypto firms seek HM Chancellor’s push in registration delay. More →

FCA obliges crypto firms to share financial crime information. More →

Ukraine

Cryptos are ‘promising,’ but not assets in their purest form, says Ukrainian Minister. More →

Americas

Brazil

Brazilian Stock Exchange approves two new crypto ETFs in Latin America. More → 

Canada

Canada lays down the law for crypto exchanges.  More → 

Crypto exchange must share client data with Canada tax office. More → 

Cryptocurrency scams in Canada jump 400%. More → 

Thornton Place invests in Bitcoin. More → 

Canadian firms to develop Bitcoin mining facility partly powered by wind, solar. More → 

Colombia

Colombia’s first Commercial Bank to pilot crypto services. More → 

United States

Kentucky governor signs crypto mining tax, clean energy incentives into law. More → 

Iowa House approves bill to legally recognize blockchain smart contracts. More → 

Texas chases after Wyoming with crypto law proposal, but challenges remain. More → 

Ripple touts role for XRP in CBDC white paper. More → 

Following $6.5m CFTC fine, Coinbase delays direct stock listing . More → 

Powell says CBDC must coexist with cash. More → 

Senate to move forward with Gary Gensler’s SEC nomination. More → 

US lawmakers introduce bill to clarify crypto regulations. More → 

Crypto industry to get first major U.S. stadium with Miami-Dade County approving FTX for Heat home. More →

Ray Dalio: The government ‘outlawing bitcoin is a good probability’. More →

Coinbase snags former SEC director Brett Redfearn ahead of public listing.  More →

Fidelity files for first US bitcoin ETF as mainstream interest ramps up. More →

US government sees ‘cryptocurrency spring fever’ as great time to auction Bitcoin. More →

SEC brings enforcement action against alleged $6.9m ponzi scheme. More →

WisdomTree becomes latest firm to submit bitcoin ETF filing to SEC. More →

Simplify files SEC registration for ‘Equity PLUS Bitcoin ETF’. More →

Valkyrie files for ETF aimed at investing in publicly-traded, Bitcoin-holding companies. More →

Binance probed by CFTC over whether U.S. residents traded. More →

SEC commissioner explains why a delayed Bitcoin ETF has consequences. More →

Former US Director of cybersecurity: Crypto ransomware ‘running wild’. More →

CME launching micro bitcoin futures in May. More →

Federal court orders UK man to pay more than $571m for operating fraudulent Bitcoin trading scheme. More →

SEC seeks personal financial information of Ripple executives. More →

PayPal allows US users to pay merchants in crypto. More →

Ex-SEC chairman Clayton to advise Brevan-backed firm on crypto. More →

US gov sues decentralised content platform LBRY over $11m in token sales. More →

Venezuela

Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments. More →

Caribbean

Eastern Caribbean Central Bank publicly launches new digital currency. More →

Bahamas

Bahamas’ Sand Dollar nears commercial rollout as interoperability completed. More →

Jamaica

Jamaica’s central bank to pilot CBDC beginning in May. More →

Jamaica’s central bank taps Irish tech outfit for CBDC project. More →

Middle East & North Africa

Egypt

Egyptians are buying Bitcoin despite prohibitive new banking laws. More →

Iran

Iran should mine crypto to skirt sanctions, says president-linked think tank. More →

Iran cracks down on crypto exchanges. More →

UAE

Cryptocurrency businesses can now open offices within DMCC freezone in Dubai. More →

Abu Dhabi launches crypto library to counter supercomputer threats. More →

Dubai regulators call for public feedback on proposed crypto laws. More →

Dubai regulator sets deadline for cryptocurrency feedback. More →

The United Arab Emirates’ green digitisation vision. More →

South Asia

India

India mandates new disclosure rules for cryptocurrency companies. More →

India’s crypto ban uncertain as finance minister touts a window for experiments. More →

Coinbase opens office in India despite crypto ban reports. More →

Indian government reportedly plans to block crypto exchange IPs. More →

RBI governor says government and central bank agree on cryptocurrency approach. More →

Pakistan

Pakistani province to pilot crypto mining farms. More →

Arrests made in Bitcoin extortion case. More →

East Asia & the Pacific

Australia

Australian government offers $6m in grants to innovative blockchain teams. More →

China

China’s cryptocurrency stocks left behind in Bitcoin frenzy. More →

China’s inner Mongolia to ban Bitcoin mining: what it means for the industry. More →

Chinese social media Weibo suspends Huobi, OKEx and Binance accounts. More →

China tests its digital yuan on more platforms. More →

Hong Kong

Huobi Subsidiary to Launch 3 Crypto Funds in Hong Kong. More →

OSL, Hong Kong’s First Regulated Crypto Exchange, Commences Live Trading. More →

Japan

Bank of Japan lays down cryptocurrency plan. More →

Bank of Japan: establishment of “liaison and coordination committee on CBDC”. More →

Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule. More →

Bank Of Japan Committee for CBDC Experimentation a ‘Necessary Step’. More →

Indonesia

Indonesian government will set up a crypto exchange in future. More →

Malaysia

Bitcoin ETF Launches in Malaysia in Regional First. More →

New Zealand

New Zealand retirement fund reportedly allocates 5% to Bitcoin. More →

Compliant stablecoin Launches in New Zealand. More →

South Korea

OKEx Korea to shut down on April 7th amid looming AML regulations. More →

Report all crypto transactions or face 5-year jail term in South Korea. More →

Reported volume of top South Korean crypto exchanges surpasses that of the country’s stock market. More →

Bithumb bans trading from countries with no anti-money laundering measures. More →

Taiwan

Taiwan accuses Bitmain of poaching its top chip engineers. More →

Thailand

Thai SEC backtracks on unpopular proposal for new crypto investor qualifications. More →

Thai central bank outlines plans for digital baht. More →

Bank of Thailand plans to regulate asset-backed stablecoins this year. More →

Vietnam

Vietnam’s finance ministry warns about crypto trading risks. More → 

Africa

Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa. More →

Bitcoin is wooing the millions of workers who send their earnings abroad. More →

Blockchain analysis firm calls Nigeria ‘focal point’ for Africa’s crypto scams. More →

Morocco

Morocco experiences Bitcoin trading surge, despite cryptocurrency ban. More →

Nigeria

Nigeria’s central bank not discouraging people from trading crypto, says governor. More →

Nigeria’s crypto startups and traders are still at the mercy of its central bank. More →

South Africa

The rising popularity of Bitcoin in South Africa. More →

Crypto havens lure firms fleeing South Africa regulator fear. More →

Regulator sends warning over Bitcoin, Ethereum and other cryptocurrencies in South Africa. More →

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