October Regulator Roundup

130+ regulatory updates as the world’s richest turn to Bitcoin

Copper Team

Prices spike past $13k as Paypal backs crypto, Russia joins CBDC frenzy, UK bans retail crypto derivs, BitMEX hit with criminal charges, Bloomberg predicts $100k BTC by 2025 while planet’s most powerful make crypto their new reserve asset.

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Global

Ciphertrace claims Monero transactions now traceable after US security contract. More →

Half of world’s cryptoexchanges have weak KYC protocols, says Ciphertrace study. More →

 75 cryptoexchanges have shut down or ‘disappeared’ so far in 2020. More →

G7 will oppose Libra launch until stablecoin regulations in place. More →

Central banks, FSB agree pre-launch stablecoin regulations in G20 report. More →

Global crypto tax rules ‘highly inconsistent’, should favour proof of stake, says OECD report. More →

20 arrests across 16 countries as Europol takes down QQAAZZ crypto money-laundering cartel. More →

Regulation no longer ‘existential threat’ but still no.1 concern, says Q3 2020 State of Crypto report. More →

Bank for International Settlements to trial CBDC with Swiss by end of 2020. More →

‘Engineering error’ led to $34m DeFi hack, says Harvest Finance. More →

Hacked yield farming protocol Harvest Finance offers $1m bounty for return of $34m. More →

Europe

Austria

Raffeisen Bank adds blockchain interoperability to stablecoin project. More →

Estonia

Central bank announces research into CBDC. More →

EU

European Central Bank applies for ‘digital euro’ trademark. More →

European Central Bank must be ready to issue digital euro, says Fabio Panetta. More →

European Commission opposes crypto fraud compensation fund. More →

 Privacy coins, mixer wallets like Wasabi are top internet crime threats, says Europol. More →

EU updates blacklist of tax havens to include Barbados, Anguilla, removes Cayman Islands. More →

France

Russian hacker suspected of laundering $4bn through BTC-e faces jail. More →

Ethereum developer Consensys picked by Societe Generale to work on digital euro CBDC. More →

Germany

BaFin regulator warns on unauthorised broker 10Cryptomarket. More →

Georgia

Abkhazia state lifts two-year ban on cryptocurrency mining. More →

Jersey

Binance Jersey shuts down. More →

Latvia

Financial and Capital Markets Commission regulator warns over growing crypto frauds. More →

Malta

Blockchain Island returns? Malta regulator approves first crypto IPO. More →

Netherlands

Amdax wins first Dutch license for crypto company. More →

Police seize $33m in BTC from alleged money launderers. More →

Russia

Russia blacklists p2p exchange LocalBitcoins. More →

Central bank limits private cryptocurrency investments to £6,000 per year. More →

Central bank to pilot digital ruble CBDC in 2021. More →

Russia reverses 2018 ruling, says civil servants must now declare cryptocurrency holdings as income. More →

Convenient settlement, offline payments, smart contracts are main benefits of digital ruble, says central bank chief Elvira Nabiullina. More →

Spain

Gov’t moves ahead with  800m tax-raising bill forcing crypto transaction reporting. More →

Draft law imposes 10,000 fine for not reporting out-of-country crypto holdings. More →

Switzerland

Gov’t starts mass consultation for 2021 blockchain laws. More →

FINMA authorises Swiss arm of Gazprombank to add crypto custody, trading. More →

UK

Coinbase hands customer data to HMRC tax authority. More →

FCA regulator bans sale of crypto derivatives to retail investors. More →

97% opposed UK crypto derivatives ban, FCA report reveals. More →

Bank of England chief Andrew Bailey sees ‘little intrinsic value’ in Bitcoin. More →

Bitstamp exchange adds crypto crime insurance underwritten by Lloyds of London. More →

FTSE-listed investment banker Mode makes BTC 10% of treasury reserves. More →

Ripple eyeing London move because UK is ‘XRP-friendly’, says CEO. More →

Bank of England has made no decision on digital pound CBDC, says fintech chief. More →

Prime broker Bequant adds risk-monitoring ahead of Malta push. More →

 

Americas

Brazil

Brazil plans IPO for digital bank ahead of joining OECD. More →

Cambodia

Central bank launches blockchain interbank payments network. More →

Canada

Central bank governor Tiff Macklem: “We are working on CBDC with G7”. More →

INX to list on Canadian Securities Exchange following $117m IPO. More →

Panama

National Assembly introduces draft law to regulate, tax cryptocurrencies. More →

Peru

Financial Intelligence Unit studies Bitcoin, cryptoexchanges ahead of planned regulation. More →

United States

BTC to hit $100k by 2025 on growing adoption, says Bloomberg Q4 2020 report. More →

Diginex cryptoexchange begins trading on NASDAQ under EQOS. More →

Judge sides with SEC against Kik ICO. More →

Treasury warns crypto firms not to pay unknown ransomware victims. More →

US charges BitMEX founders with failing to prevent money-laundering. More →

Ripple threatens to leave US over crypto regulation, XRP security status. More →

$10bn asset manager Stone Ridge buys $100m Bitcoin as ‘reserve asset’. More →

DoJ releases 83-page report on cryptocurrency enforcement. More →

BitMEX founders step down in wake of criminal money-laundering charges. More →

DoJ says it has jurisdiction over foreign crypto companies that touch US servers. More →

Bitcoin rally faces only ‘modest headwinds’, say JP Morgan analysts. More →

Lax Twitter security allowed ‘simple’ hack targeting celebs, Bitcoin, finds NYDFS. More →

NYDFS asks US to regulate Twitter on same terms as banks after mass Bitcoin hack. More →

BitMEX charges ‘send a message to global exchanges’, says SEC Commissioner Peirce. More →

Mt Gox hack restitution plan delayed until December. More →

Securitize to acquire US broker-dealer DTM in SEC pacification bid. More →

Kraken dives into DeFi, listing Filecoin, yearn.finance and Uniswap. More →

SEC actively considering cryptocurrency ETFs, says Jay Clayton. More →

Coinbase saw 1,900 requests from law enforcement in H1 2020. More →

Coinbase has provided user data to police, regulators in 34 countries. More →

FinCEN hits Helix and Coin Ninja operator with $60m fine. More →

CFTC mandating new rules for crypto deposits. More →

Paypal allows Bitcoin and crypto spending. More →

FinCEN proposes tighter $250 limit on Bitcoin transaction reporting. More →

Paypal in talks to acquire BitGo custodian, other crypto startups. More →

ETH researcher Virgil Griffith claims ‘publicly-available information’ against North Korea sanctions breach. More →

Paypal rally less bullish for BTC than it seems, says Coindesk chief researcher. More →

FinCEN wants to broaden US definition of money to include cryptocurrencies. More →

JP Morgan seeks to launch crypto custody service. More →

JPM Coin now live, says JP Morgan. More →

President Trump campaign website hit by Monero cryptocurrency hack. More →

Publicly-traded INX crypto exchange buys US broker-dealer OpenFinance. More →

Ledger hardware wallet customers hit by sophisticated phishing campaign. More →

Regulator who said ETH not a security to leave SEC. More →

New York Stock Exchange regulation chief leaves for Andressen Horowitz. More →

Gemini adds real-time cryptocurrency tax reporting. More →

Avanti joins Kraken as second registered US crypto bank. More →

 Gemini exchange begins accepting EUR for crypto. More →

Student loan provider SoFi wins outline approval to custody cryptocurrency. More →

Coinbase expands crypto debit card to US customers. More →

Crypto lender Cred freezes all customer funds, internal fraud suspected. More →

US banks seeking to partner, buy crypto custodians, says OCC’s Brooks. More →

Coinbase adds ex-Google regulatory specialist to compliance team ahead of IPO. More →

Facebook is censoring the #bitcoin hashtag globally. More →

BitMEX officials looted $440m after learning of US criminal charges, lawsuit says. More →

Venezuela

Securities regulator allows 90-day trial for decentralised stock exchange listing cryptoassets. More →

Caribbean

Bermuda

Bittrex Global cleared to run cryptoexchange from Bermuda. More →

Bahamas

Sand Dollar CBDC launches, now available to all 393,000 residents. More →

Seychelles

BitMEX fast-tracks KYC protocols as regulators tighten screws. More →

Huobi exchange adds direct Visa, Mastercard payments. More →

Middle East & North Africa

Iran

Crypto law means miners must sell Bitcoin to central bank, says state media. More →

South Asia

India

Undeterred by crypto ‘ban’, Cashaa launches physical crypto bank buy-sell-hold services. More →

 

East Asia & Pacific

Australia

Central bank reserves away from digital dollar CBDC. More →

Renowned Bitcoin sceptic Peter Schiff’s bank hit with international tax evasion probe. More →

ASX stock exchange delays blockchain settlement until April 2023. More →

China

Ant debuts blockchain copyright platform as world’s largest ever IPO is approved. More →

People’s Bank of China lays regulatory foundations for CBDC launch. More →

China airdrops $1.5m of digital yuan to Shenzen residents. More →

Digital yuan CBDC won’t compete with WeChat, Alipay, says central bank chief. More →

Digital yuan will prevent US dollerisation of world economy, says PBoC. More →

Huawei Mate 40 is first smartphone to ship with digital yuan wallet. More →

Court upholds jail terms for $1.15bn Wotoken crypto Ponzi scheme leaders. More →

Hong Kong

Hong Kong central bank willing to test China’s digital yuan CBDC. More →

FTX launches tokenised stocks: BTC pairs for Amazon, Tesla, Apple. More →

Japan

‘No plan to issue digital yen CDBC now’, says central bank, but research continues. More →

Kraken exchange resumes trading for first time since Coincheck 2018 purge. More →

Malaysia

OKEx suspends withdrawals indefinitely as private key holder reportedly arrested by Chinese police. More →

OKEx resumes P2P trades in 3 currencies as anxious holders liquidate. More →

Central bank shariah compliance expert: Bitcoin is ‘legitimate commodity’. More →

Securities Commission issues revised guidelines for crypto custody, IEOs. More →

Downed exchange OKEx denies using single-sig BTC cold wallet. More →

Philippines

Central bank governor: No digital peso CBDC before 2023. More →

Singapore

Kucoin exchange hack suspects found, says CEO, $204m recovered. More →

Country’s largest bank DBS to launch cryptoexchange. More →

DBS bank hastily walks back cryptoexchange launch announcement. More →

Fidelity to custody crypto for Singapore finserv as demand grows from wealthy investors, family offices. More →

Taiwan

Bombshell ‘Tai Chi’ leak shows Binance deliberately evading US regulators. More →

Binance CEO CZ denies ‘Tai Chi’ US subsidiary allegations. More →

Thailand

Central bank sells $1.6bn in bonds on blockchain in claimed world first. More →

Venture arm of Siam Commercial Bank dives into DeFi. More →

Africa

Nigeria

Protest groups switch to Bitcoin as banks shutter accounts in citizen unrest. More →

Kenya

Central bank explores CBDC amid ‘mushrooming’ of private cryptocurrencies. More →

South Africa

Regulator raids home of major crypto Ponzi scheme suspects. More →

Zimbabwe

Zimbabwe Stock Exchange subsidiary open to listing cryptocurrencies. More →

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