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The Global CryptoReg Roundup is a weekly digest of crypto-focused political, regulatory, and legal news from across the globe.
No frills or needless exposition. Just the facts (ma'am)....
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Marshall Islands
- Marshall Islands developing sovereign cryptocurrency.
Australia
- Taxation Office declares it will utilize new AML laws to investigate crypto investor tax cheats.
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Japan
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The Financial Service Agency is considering implementation of regulations on ICOs.
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Additional 132 investors join the class action lawsuit against Coincheck in aftermath of NEM hack.
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Crypto exchange industry association officially announces formation, to ask government recognition as approved regulatory body.
North Korea
- Former NSA official: DPRK is believed to have obtained at least 11,000 bitcoin through mining and hacking in 2017.
China
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Regulators planning to investigate bank and financial payment accounts of those suspected of trading crypto via offshore venues.
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China targeting chat groups as part of larger crypto crackdown.
Malaysia
- New crypto regulations go into effect, mandating exchanges follow KYC/indentification rules.
Thailand
Singapore
- Central bank examining whether more regulation is necessary.
India
- Two widely-used crypto exchanges suspend all trading amid regulatory pressures.
Uzbekistan
- The President of Uzbekistan decreed that government ministries should draft a law legalizing crypto by the end of September.
Russia
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Court rules that cryptocurrency can’t be seized as payment to bankruptcy debtors.
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Tax exemption proposed for all profits from crypto mining.
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Saint Petersburg court struck down a bank on 40 bitcoin-related informational sites.
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Ministry of Telecom and Mass Communication proposes setting up fiat exchange for miners.
Iran
- Iran’s Information Minister announces that it is working to develop its own cryptocurrency.
Israel
- Israeli Supreme Court: banks are prohibited from limiting accounts associated with the crypto industry.
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Kenya
- Kenya is setting up task force to evaluate blockchain tech advantages & risks.
South Africa
- Alleged scam at BTC Global results in $50 million in losses, primarily for South African investors.
Nigeria
- Central Bank again reaffirms that crypto currencies and exchanges are not licensed or regulated, and that citizens should be wary.
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European Union
- EU financial services chief: EU may move ahead on crypto regs if global bodies do not.
Germany
- Finance Ministry Report addresses taxable events for bitcoin transaction and miners.
Liechtenstein
- Bank Frick & Co. becomes first financial institution in Liechtenstein to allow direct investments in crypto.
Belgium
- Multiple investigations of crypto traders underway by Special Tax Inspectorate.
United Kingdom
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UK poised to regulate crypto in a way that will be “advantageous to all stakeholders”.
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Labour Shadow Home Secretary: Bitcoin is “a gigantic Ponzi scheme” used to fund terror.
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BOE head calls for crypto regulations.
Iceland
- A 100% renewable energy crypto mining facility planned for Iceland.
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Canada
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TD Bank becomes the latest financial institution to ban crypto purchases via credit card.
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Crypto scams were the #5 financial crime in Canada last year.
United States
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SEC subpoenas issuers of ICOs, SAFTs including TechCrunch founder, and is conducting a review of Overstock’s tZero ICO.
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SEC head predicts more crypto enforcement actions if industry players don’t change their behavior.
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Coinbase to turn over account info of 13,000 users to IRS.
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CFTC head allows employees to trade crypto.
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California legislator introduces bill to legalize blockchain-based contracts, electronic records, and electronic signatures.
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The city of Berkeley, CA is developing a plan to turn municipal bonds into digital currency.
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Man who claimed to be Satoshi Nakomoto sued for stealing $5 billion from dead business partner.
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New York state senators hold a roundtable with industry leaders on reforming state’s BitLicense system.
Mexico
- Crypto regulation bill passes Chamber of Deputies, awaits signature by President Nieto.
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Trinidad & Tobago
- T&T Securities and Exchange Commission issues warning to investors that no regulatory protections are in place for ICOs.
Venezuela
- Venezuela may limit the number of domestic crypto exchanges to just eight.
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- The Financial Action Task Force (FATF), an organization of 35 countries and EU, is working to revise regulations on cryptocurrencies, focusing on AML and terrorist funding.
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Indian police arrest man for setting up a fake trading platform.
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Waltonchain comes under fire after apparent rigged giveaway is revealed.
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CoinDash announced that a hacker returned approx. 30,000 ETH tokens, valued at $26 million.
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Hackers steal 18.7 BAR tokens, force a fork of Titanium blockchain.
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rTorrent client misconfigruation vulnerability exploited to mine Monero.
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Analyst: NEM (XEM) coins stolen from Japanese exchange Coincheck traced to Vancouver-based exchange.
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Thoughts, comments, and corrections are always appreciated. Cheers!
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|| @bubbleboy ||
Protect your crypto assets with a Ledger Nano S or Trezor
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