September Regulator Roundup

130+ updates from around the world as serious regulation is laid down

Copper Team

US, Swiss, Nigeria and EU all advance national crypto regulations, Kraken wins first cryptoexchange bank charter, Austria and Bermuda join ETP party while South America surges.

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Global

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

Ukraine, Russia, Venezuela top Chainalysis cryptocurrency adoption index. More →

Sushiswap creator returns $14m in ETH as community cries exit scam. More →

Immutable blockchain may break EU privacy laws, says new research paper. More →

FATF releases cryptocurrency transaction ‘red flag’ report. More →

Uniswap copy-paste Sushiswap highlights DeFi fragility. More →

Privacy coins Monero, Zcash pose no money laundering risk, says Perkins Coie white paper. More →

Ethereum smashes transaction fee records under DeFi hype. More →

 Pension funds, institutions plan dramatic increase in Bitcoin exposure by 2025. More →

Developer reveals biggest unsolvable Lightning Network attack potential. More →

Bitcoin on track for £3trn market cap by 2025. More →

Bittrex Global suspends services in Ukraine, Burundi, Mali, Belarus, Myanmar, Panama, Nicaragua citing regulatory uncertainty. More →

101 million people worldwide own cryptocurrency, 189% more than in 2017, study finds. More →

76% of world’s crypto miners use renewable energy, says Cambridge research. More →

Europe

Austria

Vienna Stock Exchange adds first Bitcoin, Ethereum ETPs. More →  

Bitpanda secures $52m Series A, the largest in Europe in 2020. More →  

Bulgaria

RG Coins cryptoexchange was front for Romanian mafia, US alleges. More →  

EU

Binance joins high-profile European blockchain regulatory group. More →  

Pandemic accelerated adoption of digital currency, ECB President Lagarde says. More →  

Facebook’s Libra will be restricted, not banned, under EU plan. More →  

EU to introduce cryptoassets regime by 2024, internal documents show. More →  

Regulated cryptoasset sector could boost Europe’s economy, says EU Parliament research. More →  

‘Misleading’ term stablecoin should be banned, says European Central Bank. More →  

Digital Euro would provide sovereign alternative to crypto, says ECB President Lagarde. More →  

ECB fears stablecoin liquidity ‘bank runs’. More →  

France

Euro CBDC could impact world for decades, says Banque de France boss. More →  

Societe-Generale bank starts testing French CBDC on Tezos blockchain. More →

Police arrest 29 for allegedly using crypto to fund terrorism in Syria.  More →  

Georgia

Illegal crypto mining threatens energy crisis, says government. More →  

Abkazia state reverses crypto mining ban, will regulate industry, says president. More →  

Gibraltar

GFSC updates DLT framework to comply with FATF Travel Rule. More →  

Italy

Digital payments will solve ‘shadow economy’, says PM Guiseppe Conte. More →  

Italy’s oldest coffees shop chain starts accepting cryptocurrency. More →  

Russia

Crypto law confuses industry with clarity absent. More →  

Electrical grid operator Rosetti reports $280k loss from illegal crypomining. More →  

Roskomnadzor regulator blacklists Binance. More →  

Ministry of Finance drafts harsh punishment, jail time for failure to report crypto holdings. More →  

Spain

Congress approves regulatory sandbox for crypto and fintech innovation. More →  

Users refunded for crypto scams will pay capital gains tax, says General Directorate of Taxes. More →  

Switzerland

Zug Canton to accept BTC, ETH tax payments up to $109,000. More →  

Parliament overhauls legal code to set standards for crypto trading, securities, exchanges and more. More →  

UK

Regulators must stay one step ahead of cryptoassets, stablecoins, says Bank of England chief. More →  

Crypto bank Ziglu wins FCA e-money license for P2P payments. More →  

Social aggregator Telos moves to the blockchain with ETH-based smart contracts. More →  

EY launches Bitcoin block explorer to track crypto transactions. More →  

Regulators, authorities don’t trust crypto self regulation, says think tank report. More →  

Americas

Argentina

Confusion reigns over tax treatment of cryptocurrency mining. More →

Brazil

World’s largest iron ore producer Vale completes first metals sale on blockchain. More →

Canada

Country’s first regulated cryptoexchange Wealthsimple Crypto goes live. More →

Central bank report suggests ‘financially illiterate’ more likely to own crypto. More →

Chile

Banco Itau alleges Buda cryptoexchange engages in fraud, ID theft. More →

Financial Markets Commission pressures Treasury to adopt crypto and fintech regulatory framework. More →

Colombia

Presidential economic advisor calls on banks to test cryptocurrency transactions.  More →

Country opens regulatory sandbox for Bitcoin transaction testing. More →

Banking sector open to Bitcoin, but must have clear regulation, says Asobancaria president. More →

Mexico

Exchanges report over 24,000 suspicious transactions to Financial Intelligence Unit. More →

United States

US should lead world in crypto innovation, says Senate Banking chairman. More →

Alphabay darknet market moderator sentenced to 11 years in jail. More →

SEC sues self-help firm over $1m BTC fraud. More →

DoJ moves to seize $400m from convicted OneCoin money launderer. More →

Robinhood faces $10m SEC fine for not disclosing it sells order flow to market makers. More →

EFF calls on Coinbase for transparency over users’ private financial data. More →

IRS offers $625,000 bounty to anyone who can crack Monero privacy. More →

Grayscale parent Digital Currency Group buys out South African exchange Luno. More →

Mastercard launches proprietary CBDC testing platform. More →

US citizen charged with running diamond Ponzi scheme, crypto scam. More →

Rapper T.I charged by SEC in alleged ICO scam. More →

Prosecutors indict Russian state-backed troll factory IRA with crypto theft, election manipulation. More →

Morgan Stanley chief pushes Bitcoin as central bank money-printing spirals. More →

CFTC charge four for $1m crypto trading scam. More →

Tassat can proceed with Bitcoin swaps plan, CFTC rules. More →

Japanese exchange Fisco files California suit against Binance for allegedly laundering $9m from Zaif hack. More →

NASDAQ-listed tech giant Microstrategy buys $425m of Bitcoin. More →

SEC hits Unikrn ICO with $6m penalty. More →

Two Russian nationals indicted for $16.8m cryptoexchange hacks. More →

Kraken wins US banking charter. More →

Binance US on track to launch in all 50 states by 2021. More →

US state banking regulator announces unified rule for crypto companies. More →

Bitfinex wins more time to present documents over alleged $800m theft. More →

SEC, OCC release first regulatory guidance saying federal banks can hold fiat-backed stablecoin reserves. More →

Wisconsin politician challenges state regulator by accepting Bitcoin for donations. More →

0x, Kraken, Stellar awarded board seats at top blockchain lobbying org. More →

US Space Force employs blockchain firm Xape to provide hack-proof data. More →

Government darknet drug raids seize $6.5m in cash and crypto. More →

Visa, Goldman Sachs, SDX join blockchain trade org Chamber for Digital Commerce. More →

Decentralised marketplace pioneer implicated in illegal drug sales to close. More →

Nevada woman charged in 12BTC murder for hire. More →

Lawmakers propose national crypto framework: Digital Commodity Exchange Act 2020. More →

 Christie’s to auction artwork backed by ETH-based NFT token for first time. More →

OneCoin investors allege BNY Mellon aided $4bn cryptocurrency fraud. More →

$28m MakerDAO ‘Black Thursday’ suit moves to arbitration. More →

Wall Street’s credit default swaps make DeFi debut. More →

SEC seeks jury trial for Swedish man accused of $3.5m crypto theft. More →

SEC confirms it won’t take action against compliance-focused digital securities exchanges. More →

Banks must consider crypto exposure, says FinCEN director. More →

Venezuela

NGO denounces gov’t IP blocks on Coinbase, local exchanges. More →

P2P exchange Paxful shuts Venezuela ops to comply with US sanctions. More →

Cryptominers must join National Digital Mining Pool, new law states. More →

Caribbean

Bahamas

Central bank confirms Sand Dollar CBDC will launch in October 2020. More →

Barbados

Shyft adds Huobi, Bitfinex, Tether to FATF global compliance task force. More →

Bermuda

Joint NASDAQ-Hashdex crypto ETF wins Bermuda Stock Exchange listing. More →

Middle East & North Africa

Binance launches Arabic-language sites in Middle East/North Africa push. More →

Israel

Parliament rebels push to list Bitcoin as currency, cancel capital gains tax. More →

Iran

Cryptomining proceeds should be used in place of hyperinflated rial to fund car imports. More →

Given government green light, power plants start mining Bitcoin. More →

South Asia

India

India planning to ban cryptocurrency trading, sources allege. More →

Crypto bill omitted from Parliament as ban rumours swirl.Police probe Pluto Exchange for alleged theft of $270,000 from investors. More →

BuyUcoin exchange proposes regulatory sandbox to avoid country-wide crypto ban. More →

 

East Asia & Pacific

Australia

Three major banks announce commercial launch of financial guarantee blockchain. More →

No need for central bank cryptocurrency, says Reserve Bank. More →

China

Digital yuan CBDC may come with hardware wallets. More →

Digital yuan CBDC acceptance will be mandatory for all, central bank says. More →

China needs CBDC to break US dollar hegemony, central bank magazine reports. More →

E-commerce giant JD.com to build apps for digital yuan. More →

State-run media release reports calling Bitcoin 2020’s ‘best performing asset’. More →

Hong Kong

Coinex exchange launches BCH futures. More →

Hong Kong Monetary Authority picks Consenys for HK-Thai CBDC pilot. More →

Japan

bitFlyer, Coincheck drop Ethereum Classic after 51% attacks. More →

Messaging giant LINE launches token rewards programme. More →

New Zealand

Liquidators open damages applications for collapsed cryptoexchange Cryptopia. More →

Philippines

SEC warns against ‘cloud mining’ Bitcoin scam. More →

Singapore

SGX to list first BTC, ETH price indices. More →

Kucoin and Poloniex announce exchange merger. More →

Kucoin exchange confirms $150m hot wallet hack. More →

User losses from hack will be covered by exchange, Kucoin promises. More →

South Korea

Budget carrier Jin Air opens blockchain-backed ticket scheme. More →

Police seize equity stakes from major Bithumb shareholder. More →

After two police raids, Bithumb goes up for sale for $600m. More →

Africa

Regulators in continent’s largest economies scramble to get a hold on spike in cryptocurrency trading. More →

Kenya

Entrepreneurs create new payment stablecoin tested in regulatory sandbox. More →

Nigeria

Cryptocurrencies are securities in Nigeria, regulator rules. More →

South Africa

Bitcoin Revolution scam claims support from President Cyril Ramaphosa. More →

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