Global Crypto Regulatory News - 1 April 2023

Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto regulatory scene around the world, we’ve selected some prominent or interesting news and articles that feature relevant crypto regulatory and compliance developments.

G7 Improving Global Cryptorrency Laws

G7 members investigate options to promote crypto transparency and improve consumer protections. 

https://watcher.guru/news/g7-nations-to-work-towards-strict-global-cryptocurrency-laws 

EU Continues Blockchain Developments

The EU and Luxembourg aim to remove unnecessary regulatory hurdles to blockchain and DLT technology.

https://www.natlawreview.com/article/euluxembourg-update-new-blockchain-dlt-pilot-regime-financial-instruments-becomes

The future could see an EU blockchain with a focus on privacy. 

https://www.coindesk.com/policy/2023/03/13/after-landmark-crypto-law-european-politicians-contemplate-building-their-own-blockchain/ 

Issues in the US for Crypto 

The latest US vs. crypto case - Binance lawsuit continues US crypto woes. 

https://blockworks.co/news/binance-lawsuit-crypto-regulation 

Crypto firms complain about unclear rulings from the SEC.

https://www.cnbc.com/2023/03/24/cant-get-their-act-together-crypto-firms-slam-sec-washington-for-lack-of-clarity-on-rules.html 

Ripple CEO claims SEC is harming the US’ chances at becoming a blockchain and crypto hub. 

https://cointelegraph.com/news/the-crypto-industry-has-already-started-moving-outside-of-the-us-says-ripple-ceo 

Positives in the US for Crypto

CFTC commissioner aims to clear the waters on bitcoin. 

https://bitcoinmagazine.com/culture/cftc-commissioner-on-bitcoin-regulation

A re-introduced act is hoping to simplify compliance for crypto brokers. 

https://www.forbes.com/sites/shehanchandrasekera/2023/03/16/keep-innovation-in-america-act-is-aiming-to-ease-compliance-burden-for-crypto-brokers/ 

New legislation makes DAOs legal persons in Utah, with New Hampshire to follow. 

https://www.forbes.com/sites/digital-assets/2023/03/07/-new-hampshire-utah-recognize-daos-as-legal-persons/ 

Illinois to implement improved crypto regulation. 

https://www.paymentsjournal.com/illinois-takes-a-strong-stance-on-crypto-regulation-with-proposed-bill/ 

India Strengthens Crypto Regulations

New legislation means money laundering provisions now apply to India’s crypto sector. 

https://www.bloomberg.com/news/articles/2023-03-08/india-imposes-money-laundering-provisions-on-the-crypto-sector?leadSource=uverify%20wall

UK Money Laundering Regulation Changes Impact on Crypto

A look at some of the details of the Money Laundering and Terrorist Financing amendment. 

https://www.lexology.com/library/detail.aspx?g=c5b9cd67-67ad-4124-9834-f01427fe83be 

France Steps Up Crypto Regulation

Imminent new rules for crypto companies in France are more stringent for new entrants. 

https://decrypt.co/122455/france-moves-ahead-tighter-crypto-rules-new-entrants

Stablecoin Regulation from the Bank of Israel

A Bank of Israel consultation paper covers plans to regulate stablecoins and minimize their risks.

https://thepaypers.com/cryptocurrencies/bank-of-israel-releases-a-consultation-paper-for-stablecoin-regulation--1261560

Ukraine Continues Crypto Regulation

Despite everything the country is facing, Ukraine has continued to work on cryptocurrency regulation. 

https://tokenhell.com/crypto-regulation-in-ukraine-unaffected-by-war-kyiv-lawmaker/