Crypto.com Weekly Regulatory Update (13/1/2022 – 19/1/2022, Week 2)
US Congressman limits central bank’s CBDC. Rio de Janeiro’s Mayor plans to invest 1% of treasury in to BTC.
Key Takeaways
Crypto advocate U.S. Congressman Tom Emmer has introduced a bill to limit the Federal Reserve’s central bank digital currency (CBDC) power. He emphasised that any CBDC implemented must be open, permissionless, and private.
The Mayor of Rio de Janeiro reportedly plans to invest 1% of the city's treasury into Bitcoin (BTC). Meanwhile, the world's first decentralised finance (DeFi) ETF launched in Brazil.
Singapore is shutting down Bitcoin ATMs as a step to curb crypto ads. Additionally, both the U.K. government and the Spanish government are implementing new rules for crypto ads.
Highlights
U.S. government to address the ramifications of cryptocurrencies on January 20th
U.K. Treasury wants to remove blockchain reference from crypto definition
U.K. lawmakers reject proposed ‘Britcoin’ CBDC citing threats to financial stability
Australian regulator warns against investing retirement funds in ‘high risk’ crypto-assets
India’s prime minister calls for a uniform approach to crypto regulation
Thailand’s former SEC Chief opposes possible crypto taxation
Lao central bank licences two cryptocurrency exchange platforms
Georgian citizens made to swear an oath to stop mining crypto
70% of Jamaica population to adopt CBDC in 5 years, prime minister says
Kosovo law enforcement seizes over three hundred crypto mining machines
Tonga to copy El Salvador’s bill making Bitcoin (BTC) legal tender, says former MP
Pakistan's president calls for more training in blockchain technology
Global Crypto Policies (over the past 3 months)
G20's Regulatory Stance on Crypto
Worldwide Policies on Crypto Taxation
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