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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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Australia
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Victoria’s consumer affairs regulator receives numerous report of Bitcoin scams, raises concerns.
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ACMA is investigating bitcoin sports betting site JustBet for claiming to be registered in Australia.
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Japan
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FSA orders two exchanges to temporarily halt operations, five others ordered to improve security measures.
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Coincheck begins reimbursing victims of January hack.
South Korea
- Government officials banned from trading and hodling crypto.
China
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Member of of the PCC, China’s main political advisory, proposes creation of national crypto exchange.
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Regulators are blocking social media accounts operated by crytpo exchanges.
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Additional exchanges shut down after Binance hack.
Thailand
- New regulations expected to define crypto as digital assets, not currency.
Russia
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Finance Ministry drafts to criminalize the use of crypto as a money substitute.
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Supreme Court to rule on case impacting the restriction of crypto websites.
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President Putin indicates that crypto regulations to take effect by July 1.
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Kenya
- While not legally recognized as currency, gains from crypto will trigger income tax liability.
Sierra Leone
- First ever Presidential election held using blockchain technology.
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European Union
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European Banking Authority head pushes back on calls for regulating cryptocurrencies.
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European and American regulators working jointly to fight crypto fraud.
Finland
- Prasos Oy exchange in jeopardy of shutting down as banks refuse to do business.
The Netherlands
- Finance Minister pushes for ICO regulations to protect investors.
Belgium
- FSMA issues warning that 19 crypto exchanges have “established indication of fraud”.
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Canada
- New Brunswick regulator issues investor warning against Bitcoin-bank.io and its BTCB coin.
United States
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Class action lawsuit filed against Coinbase, alleges insider trading in connection with the Bitcoin Cash (BCH) listing.
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Federal judge rules that cryptocurrencies are commodities, and thus may be regulated by the CFTC.
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CFTC commissioner calls for exchanges to self-regulate.
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SEC declares that cryptoassets are securities and exchanges must register with them.
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Illinois becomes latest state to consider accepting bitcoin for tax payments.
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Arizona bill to accept bitcoin for tax payments passes through House committee.
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Wyoming Legislature passes “utility token bill”, exempting some tokens from securities laws.
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Brazil
- HashBrasil’s mining operation shut down by regulators.
Venezuela
- Legislative body at odds with President Maduro, declares Petro coin unconstitutional.
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The following coins have been reported to adopt many Ponzi-style attributes:
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Twitter facing onslaught of crypto impersonation scams, vows to combat them.
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Security Researcher: 50,000 Wordpress sites likely infected by malware to mine Monero (XMR).
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In wake of missing funds for account holders, Binance denies hack and fingers malicious trading bots. Binance posts a $250,000 bounty for info leading to arrest of the perpetrators.
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Canadian exchange creating blacklist of wallets to fight Fentanyl epidemic, pushing other exchanges to create global database.
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Fishcoin utility token aims to combat fraud & waste in the seafood industry
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Ethereum founder Vitalik Buterin presented a scaling solution to help exchanges become more resistant to hacks.
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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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