𝗖𝗿𝘆𝗽𝘁𝗼 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗡𝗲𝘄𝘀 vol. 78

20th September — 4th October

BIS says global CBDC bridge needs public and private cooperation, IMF recommends global crypto standards for financial stability, Chinese regulators unite forces to crack down on crypto, El Salvador mines first bitcoin with volcanic energy, and more!

TL;DR
- CBDC impact on the banking sector could be manageable, says BIS. Global CBDC bridge needs public and private cooperation
- IMF recommends CBDC and global crypto standards for financial stability
- The US Treasury Department’s report on stablecoins is expected to be released in late October
- SEC delays decision on 4 Bitcoin ETFs. While Gary Gensler says crypto is a ‘Wild West’. CFTC commissioner will become SEC general counsel
- French regulator warns against unauthorized crypto platforms
- First cryptocurrency fund approved in Switzerland
- Chinese regulators unite forces to crack down on crypto. Furthermore, more crypto platforms exit China following a ban on transactions
- El Salvador mines first bitcoin with volcanic energy
- South Korean crypto tax delay thwarted. The country bans virtual asset services staff from trading their platform’s tokens
- Singapore finance authority grants licenses to Independent Reserve and DBS. While Binance blocks fiat deposits and spot crypto trading for Singapore users
- Thailand’s tourism authority is considering creating its own utility token
- Brazil aims to tighten penalties for crypto-related financial crimes
- Binance to cease crypto futures and options in Australia. While Binance hires former IRS-CI special agent to head intelligence division
- New Zealand central bank releases issue paper on digital currency
- Canadian regulators warn against ‘gambling style’ advertising and marketing in guidelines for crypto companies
- UAE regulators approve crypto trading in Dubai free zone
- Central bank of Ukraine to promote ‘fair’ Bitcoin regulation
- Central Bank of Chile sets up team to study CBDC issuance
- Nigeria to postpone its CBDC launch
- SparkPool to suspend all operations
- Coinbase seeks new exec to debate with policymakers
- CFTC charges 12 New York crypto options businesses with failing to register
- Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO
- Virgil Griffith pleads guilty to a conspiracy charge in North Korea sanctions case
- Germany’s 2021 election: What do parties think of crypto and blockchain?
- Crypto is impossible to destroy, says Tesla CEO Elon Musk
- And more!

#Regulation https://twitter.com/Paradigm_fund/status/1444995405381517321?s=20