May Regulator Roundup

It’s a topsy-turvy world out there. 110 regulatory actions to keep you in the loop

Copper

Crypto turns positive as banks go negative, JP Morgan completes Bitcoin 180 and India, Albania, Antigua and China throw doors open while Russia slams shut

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Global

Central bank thinktank OMFIF launches Digital Monetary Institute to cover CBDCs. More →

FATF travel rule June 2020 deadline is a myth, claims consultant. More → 

Bitcoin use on darknet markets jumps 65% in Q1 2020. More →

Is this Satoshi? Bitcoin mined in 2009 finally starts moving. More →

Regulatory uncertainty keeps half of all asset managers out of crypto, research says’. More →

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

ETH transactions easier to deanonymise than BTC, study says. More →

Europe

European Central Bank calls for ‘proactive’ global stablecoin regulations. More →

Albania

Country passes Europe’s most comprehensive crypto regulations yet. More →

Belgium

Investors lost $3m to cryptocurrency frauds in 2019. More →

Crypto tax revenue ‘slipping through loopholes in system. More →

France

Authorite de Marches Financiers regulator says it’s too soon for cross-border EU crypto regulations. More →

Germany

Bitwala opens 4% Bitcoin Interest Account. More →

Gibraltar

Token sales treated as securities offerings ‘by default’, government says. More →

Financial Services minister says blockchain aids against market manipulation. More →

Netherlands

Central bank urges crypto firms to register ahead of 18 May deadline. More →

XRP TipBot saved from €25k 5AMLD cost, closure. More →

Malta

70% of ‘Blockchain Island’ applicants failed to win license, authority saysMore →

Netherlands

Parliament votes to adopt tighter AML laws for crypto companies. More

Central bank supports creation of digital Euro. More

Bitcoin savings platform Bittr closes citing AMLD. More

Russia

Hackers sell personal data of 129m drivers for cryptocurrency. More → 

State Duma proposes law against buying Bitcoin with cash, 7-year jail terms. More → 

Authorities disagree on Telegram, crypto bans. More → 

Police arrest Post Office head for illegally mining crypto at work. More → 

Switzerland

Libra Association appoints ex-HSBC legal chief Stuart Levey as CEO. More →

Bitcoin Suisse targets €1bn ‘unicorn’ valuation, Liechtenstein bank license. More → 

Derivatives market keeping Swiss cryptomining off life-support. More → 

Government denies Crypto Valley $103m in Covid-19 relief. More → 

Hackers demand $6m in Bitcoin for stolen Stadler Rail trade secrets. More →

UK

Delta derivatives exchange takes CoinFund cash for India expansion. More →

Delta launches 10% interest for crypto traderst. More →

Blockchain.com rolls out 4.5% Bitcoin Interest Account, limited in US, Japan. More →

Revolut sees 57% spike in crypto trading during lockdown. More →

FCA Launches Digital Sandbox for Tackling COVID-19 Solutions. More →

Thiel-backed crypto firm hires former Credit Suisse director for UK push. More →

Ukraine

New bill to finally allow crypto firms to open bank accounts. More →

Americas

Brazil

Blockchain central to new Digital Government Strategy. More → 

Administrative Council for Economic Defence reopens crypto banking ban enquiry. More → 

United States

SEC Commissioner sees increased demand for cryptocurrency. More → 

Telegram agrees handover of documents to SEC in ICO case. More →

Telegram founder Pavel Durov bashes US as ‘police state’ in blog. More →

Telegram abandons TON blockchain project after losing SEC battle. More →

Telegram withdraws final appeal against Gram block. More →

Judge approves $25m settlement in Tezos case. More →

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

California securities law update presumes cryptoassets are not securities. More →

Libra rival Celo adds 25 new members. More → 

Crypto investor sues teen in alleged $71.4m cybercrime theft. More → 

CFTC files charges in $20m binary options, crypto fraud. More →

SEC puts forward summary judgement to close Kik ICO case. More →

ErisX debuts first ETH futures contract. More → 

Ransomware hackers behind $6m Bitcoin Travelex payout hit massive celebrity law firmMore → 

BitMEX ‘seed investors’ sue for $500m in equity, damages. More → 

JP Morgan completes Bitcoin 180 to offer banking to Coinbase, Gemini. More → 

IRS solicits third-party help to audit cryptocurrency tax returns. More → 

Simba Chain wins Department of Defence blockchain contract. More → 

Overstock seeks to dismiss market manipulation suit over tZERO STO. More → 

Covid-19 defence fails for Arizona crypto Ponzi scheme operator. More →

Ex-Bakkt CEO Kelly Loughler hands documents to SEC in insider trading case. More →

VISA files patent for cryptocurrency system to replace cash. More → 

FalconX raises $17m from Coinbase Ventures, Lightspeed for crypto trading. More →

Class action suit against BitMEX alleges racketeering, fraud. More →

Nvidia hid $1bn in cryptomining sales revenue, class action suit alleges. More →

New Block.one class action suit alleges it failed to decentralise EOS. More →

AT&T loses bid to dismiss lawsuit over $1.8m crypto theft. More →

US Congressman pushes ‘Advancing Blockchain Act’ over China first-mover . More →

Binance joins US lobbying group Proof of Stake Alliance. More →

Central bank digital currencies a threat to US hegemony, say JP Morgan. More →

Wyoming Blockchain Committee holds first meeting:. More →

Goldman Sachs plans client call on Bitcoin, inflation. More →

Wall Street banks will take over crypto infrastructure by 2022, exchange CEO claims. More →

Louisiana BitLicense under considerationMore →

Facebook’s Calibra wallet rebrands to Novi, nears launch. More →

Bitwage debuts company-sponsored Bitcoin 401(k) pension plan. More → 

BitGo launches institutional crypto brokerage. More → 

FinCEN director Blanco concerned about ‘bad actors’ hijacking crypto. More → 

Ripple CEO says regulators must embrace crypto or risk falling behind China. More →

Kleiman lawyers seize on evidence of Craig Wright ‘fabrication. More →

Think tank releases whitepaper backing US digital dollar. More → 

Samsung adds crypto trading on US, Canadian phones. More → 

BitClave agrees to return $25.5m from ICO in SEC settlement. More → 

JP Morgan pays $2.5m to settle cryptocurrency added fees lawsuit. More →

Goldman Sachs flip flops on Bitcoin, says it’s ‘not a real asset. More → 

Venezuela

President Maduro sets price controls for basic goods in Petro cryptocurrency. More →

Middle East & North Africa

Iran

Central bank to cut four zeros from rial as US sanctions bite.  More →

President Rouhani tells central bank to create national cryptomining strategy. More →

South Asia

India

Exchanges see 10X trading volume under lockdown. More → 

Two new exchanges launch as firms seek RBI clarity. More →

Bank Of Hodlers, WazirX speed up new products under banking ban reversal. More → 

Fintech lawyers push RBI to direct banks to allow cryptocurrency transactions. More →

India to significantly increase crypto market share by 2020, says OKEx report. More → 

RBI confirms no ban on cryptoexchanges, businesses, traders. More →

Reopened Zebpay exchange adds Chainalysis AML in compliance bid. More →

East Asia & Pacific

Australia

Head of Bitcoin-to-cash money-laundering syndicate arrested in Sydney mall. More →

Raiz micro-investing app adds Bitcoin. More →

China

Digital yuan will replace cash if four conditions are met, says ex-central bank chiefMore →

Shanghai court rules Bitcoin is an asset protected by law. More →

Shanghai branch of central bank warns over crypto investing fraudsMore → 

Central bank, securities regulator propose blockchain trade settlement systemMore →

Chinese Communist Party adds blockchain to curriculumMore →

Police arrest 12 fake Huobi officials for operating scam OTC exchangeMore →

Congress proposes National Blockchain FundMore →

No launch date for digital yuan, People’s Bank of China saysMore →

Tencent invests $70bn in blockchain, AI to chase Alibaba. More →

China passes law protecting cryptocurrency inheritance. More →

Hong Kong

BitMEX goes offline citing trading engine failureMore →

Japan

Financial Services Agency regulator accepts CryptoAsset Exchange, Japan STO as SROs. More →

Tokyo blockchain developers abandon offices in Covid-19 upheavalMore →

Philippines

Fake cryptocurrency platforms draw new ire. More → 

Singapore

State investment fund joins Libra project. More →

South Korea

Two-thirds of users support crypto tax, study finds. More →

Buried report reveals money laundering sparked 2018 crypto crackdown. More → 

Ministry of Economy and Finance prepares new crypto tax law. More →

Thailand

Energy Ministry orders government to use blockchain for palm oil trade. More → 

Vietnam

Ministry of Finance sets up cryptocurrency research group two years after country-wide ban. More → 

Caribbean

Antigua and Barbuda

Cryptocurrency regulation bill passes Lower Parliament. More →

Africa

P2P transactions hit 10m in sub-Saharan Africa for first time. More → 

Luno exchange eyes Ghana, Kenya in African expansion. More → 

 

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