Just as regulators were trying to make sense of the fallout from the Terra debacle, crises at Three Arrows Capital and Celsius caused further turbulence in the crypto markets.

With the media attention understandably centred on layoffs at various crypto firms and the bitcoin price tanking below $20k, some of you may have missed that June brought us the first CBDC as legal tender (Jamaica), the passing of a landmark stablecoin law in Japan that gives protection to crypto investors, and the EU finalise MiCA – a sweeping crypto regulation that will profoundly impact Europe’s future competitiveness.

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Global

Consumers lost over $1B to crypto fraud since January 2021, FTC says. More

 

Europe

EU agrees on landmark crypto authorisation law, MiCA. MoreECB President Lagarde: crypto staking and lending must be regulated. MoreThird non-EU country, Ukraine, joins the European Blockchain Partnership. MoreCircle launches euro-backed stablecoin EUROC. MoreCentre for European Reform questions if a CBDC will work. MoreAlbaniaAlbania plans to begin taxing crypto-derived income next year. More

France

eToro opens up French users to crypto assets with DASP registration. More

Germany

Germany issues crypto securities guidance as deadline looms. More

Italy

‘Bitcoin-thematic’ ETF lists on Italian stock exchange Borsa Italiana/ M More

Lithuania

Lithuania aims to tighten crypto regulation and ban anonymous accounts. More

Russia

Bill to ban digital assets as payment introduced in Russian parliament. More

Russia exploring CBDC for settlements of real estate deals. More

Bill to ban digital assets as payment passed the first reading in the Russian parliament. More

Spain

European crypto unicorn Bitpanda is now regulated in Spain. More

Switzerland

Switzerland’s SIX Digital Exchange reportedly postpones crypto services launch amid market sell-off. More

Ukraine

Ukraine sells CryptoPunks NFT donation for 90 ETH, worth over $100K. More

UK

UK government walks back from controversial crypto data collection plan. More

Britain makes crypto technology a priority for streamlining markets. More

Tether to launch stablecoin tied to pound as UK aims to become crypto hub. More

United Kingdom will not require KYC for unhosted wallets. More

Celebrity-endorsed crypto scams soaring in UK, Santander says. More

DeFi shouldn't be regulated, crypto advocates tell UK regulator. More

Bank of England's Bailey repeats dire crypto warning: Be prepared to lose all your money. More

Americas

Mastercard: 51% of surveyed consumers in Latin America and the Caribbean have ‘experienced’ crypto. More

Brazil

Brazilian crypto unicorn 2TM lays off over 80 employees. More

Brazil’s new proposal seeks to recognise bitcoin, crypto as legal financial assets. More

Brazilian central banker describes how CBDC system can halt bank runs. More

El Salvador

El Salvador president addresses bear market concerns with Bitcoin hopium. MoreEl Salvador still not ready to launch bitcoin bond, finance minister says. MorePanamaPanama’s President partially vetoes crypto regulations. More

United States

US Treasury Secretary talks crypto with bank chiefs. More

Former head of product for OpenSea indicted after insider trading scandal. More

CFTC sues Gemini claiming crypto exchange lied in futures contract evaluation. More

New York Senate passes moratorium on proof-of-work mining. More

Coin Center sues Treasury and IRS, claims tax-reporting rule unconstitutional. More

Coinbase lays off around 1,100 employees. More

Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’. More

Lawmakers introduce bill to include crypto in Congressional disclosures. More

White House office report on crypto mining expected in August: Bloomberg. More

BlockFi hires lobbying firm after record fine by SEC, Reuters says. More

Fed announces biggest interest rate hike in 28 years; Bitcoin gains. More

Leaked copy of US draft bill shows DeFi and DAOs under regulatory lens. More

New York state releases guidance for issuing dollar-backed stablecoins. More

ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K. More

CFTC Chief heaps praise on bill that boosts agency’s crypto reach. More

ADAM CEO Michelle Bond announces bid for US Congress. More

Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD. More

US lawmaker lays out case for a digital dollar. More

BitMEX’s Delo will not face prison after guilty plea. More

Caribbean

Bermuda

Bermuda confirms crypto hub ambitions despite market downturn. More

Jamaica

Jamaica becomes first country to make a CBDC legal tender. More

Middle East & North Africa

Iran

Iran will reportedly cut off electricity to all legal crypto miners. MoreIran to launch consumer CBDC pilot in September. More

Israel

Bank of Israel, Hong Kong Monetary Authority to test CBDC. More

Crypto ‘smart contracts’ may need oversight, Bank of Israel says. More

Qatar

Qatar doubles down on its CBDC plans. More

UAE

Three Arrows Capital is not registered in Dubai, confirms regulator. More

Huobi wins licenses in Dubai and New Zealand as Thai affiliate closes. More

Abu Dhabi to provide all women living in city free crypto domains. More

South Asia

Bangladesh

Bangladesh exploring CBDC as an alternative to ‘risky’ private digital currencies. More

India

India’s central bank deputy governor says CBDCs can kill cryptocurrencies. More

RBI, Indian banks to pilot blockchain trade financing: report. More

Kazakhstan

Kazakhstan to let crypto exchanges open bank accounts. More

 

East Asia & Pacific

Australia

Australian mayor recommends payments for taxes in Bitcoin. More

Cosmos launches ethereum ETF in Australia. More

China

China’s WeChat bans crypto and NFT-related accounts. More

Bitcoin heading to zero, says China state media amid global crypto downturn. More

China’s Guizhou province to slap backdated power charges on uncovered crypto miner. More

Hong Kong

Hong Kong to research retail CBDC cybersecurity with Israel, BIS. More

Japan

Japan passes stablecoin law giving protection to crypto investors. More

️FTX launches in Japan following domestic acquisition. More

Japan and Soramitsu to conduct Asia-Pacific CBDC studies. More

Singapore

Crypto.com scores approval from Singapore finance regulators. More

Singapore regulator will be 'brutal' on bad behavior in crypto, FT reports. More

Philippines

Crypto exchange Binance seeks critical licenses in Philippines, CEO says. More

South Korea

South Korea reportedly to launch ‘digital assets committee' in response to Terra implosion. More

South Korean prosecutors ban Terraform Labs employees from exiting the country. More

Major Korean exchanges delist Litecoin due to its new privacy features. More

South Korea ramps up crypto investigations and regulations. More

South Korean government becomes an early investor in the Metaverse. More

Taiwan

Taiwan completes trials of its prototype CBDC for retail use. More

Thailand

Huobi to permanently shut crypto operations in Thailand. More

Africa

More African central banks are exploring digital currencies. More

Ghana

Bank of Ghana tests CBDC integration with mobile money providers. More

Nigeria

Nigeria to enable eNaira CBDC on feature phones for financial inclusion. More

South Africa

CFTC charges South African Bitcoin pool club Mirror Trading international with $1.7bn fraud. More

Uganda

Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox. More

Temtum joins forces with the Ugandan government on CBDC. More

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