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

• Ripple vs. SEC: Expert discovery extended to late February

• 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

• Pakistan’s central bank reportedly wants to ban crypto

Global Crypto Policies (over the past 3 months)

G20's Regulatory Stance on Crypto

Worldwide Policies on Crypto Taxation

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