The European Union's Crypto-Assets Market Regulation (MiCA) came into partial force in June. Crypto exchanges may delist certain incompatible stablecoins or restrict services for EU and European Economic Area (EEA) based users. Many crypto exchanges have already taken precautions before the new rules come into force. Cryptocurrency exchanges such as Uphold, Binance, Kraken and OKX have begun delisting stablecoins such as Tether (USDT). Bitstamp also plans to delist Euro Tether (EURT).

The US Internal Revenue Service (IRS) has announced the final draft of new crypto broker reporting requirements. Decentralized exchanges and self-client wallets will not be subject to the new reporting rules. The IRS said it decided that fully decentralized networks “need more time to consider the nuances.”

Bolivia's central bank, Banco Central de Bolivia, lifted the ban on Bitcoin and crypto payments. The newly approved regulations allow banks to transact cryptocurrencies through approved electronic channels. However, the central bank announced that cryptocurrencies are not accepted as a legal form of payment.

Coinbase filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The lawsuits allege that the SEC and FDIC failed to comply with Freedom of Information Act (FOIA) requests. The lawsuits describe the SEC and FDIC's actions as "a coordinated effort to cut off digital asset firms from essential banking services."

We are waiting for your comments, what do you think about this?#blockchain#cryptocurrency #regulation