Regulatory overview
Some reasons for this week’s rally in the cryptocurrency market, the next step in the development of the EU’s CBDC and China’s Report on the Financial Work of the State Council. The highlight of the past week.
The ESMA’s new report providing methodology to better understand DeFi, Hong Kong suspends retail stablecoin trading in the city and Cyprus amendments to island’s crypto regulation regime. The highlight of the past week.
The ESMA’s second consultation paper on the Markets in Crypto-Assets Regulation, the new Canadian guidelines on stablecoins and the new approach of the BIS on disclosure requirements for banks’ crypto holdings. The highlight of the past week.
The EU has long been competing with the US to attract the world's leading cryptocurrency companies and seems to be winning. In the U.S., despite many attempts, still no transparent crypto regulation has been created, and attacks by local regulators on crypto firms are forcing them to look for a new place to operate. A brief overview of the recent status of crypto regulation in America and Europe.
The EU’s report on crypto-regulation in the non-EU countries and Hong Kong’s plans to issue guidance on tokenizing authorized investment products. The highlight of the past week.
Introduction of another Bill proposal to ban the digital dollar in the USA, the launch of a new Bitcoin fund in Japan and the rise of the Toncoin price. The highlight of the past week.
The new tax reporting standards for crypto companies in Europe, the Hong Kong Monetary Authority warning on fake crypto banks and India’s expectations to finalize crypto regulation in the nearest future. The highlight of the past week.
The new joint IMF and G20 FSB report on crypto assets, Cathie Wood's ARK Invest and 21Shares application for the first spot Ether ETF, new amendments to the Uzbekistan’s crypto regulation and the outcome of the lawsuit against the creator of crypto exchange Thodex in Turkey. The highlight of the past week.
An issue of the first Colombian stablecoin backed to the Colombian peso, Tether’s new report on its reserves and FTX bankruptcy update. The highlight of the past week.
The FATF Travel Rule is obligatory for UK crypto companies starting On September, 1, a Coinbase-backed group loss in a lawsuit against the U.S. Treasury Department's and El Salvador’s bonds surge in value. The highlight of the past week.
This week all the most interesting things happened in the USA. Reintroduction of the The Digital Asset Anti-Money Laundering Act by US Senators Elizabeth Warren and Roger Marshall, FTX lawsuit update and PayPal's stablecoin launch. The highlight of the past week.
CBDCs are becoming increasingly popular around the world, with many countries exploring the possibility of issuing their own digital currencies. In this article, we will explore the investigation and adoption process of CBDCs in several countries, which already run their CBDC Pilots.