Quick Take SPACs are getting popular in the crypto industry, with Bakkt, Circle and Bullish leading the way. To some industry insiders, the trend looks similar to the beginning of the ICO era.

https://www.theblockcrypto.com/daily/111228/crypto-spacs-circle-bakkt-bullish-ico

Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities. Gensler Says Stablecoins Could Be Securities U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws. The SEC Chair made the

https://btcmanager.com/sec-chairman-gensler-stablecoins-securities/

Cathie Wood encourages usage of cryptocurrencies as remittance tool and solution to high fees in the industry

https://u.today/ark-invest-ceo-cathie-wood-suggested-cryptocurrency-usage-in-700-billion-remittance-market

Mary Callahan Erdoes, a senior wealth management executive at banking giant JPMorgan, has revealed a large number of the bank's clients see bitcoin as an asset class to invest in and noted the bank's job is to help them invest. During an interview with Bloomberg, Erdoes noted that the blockchain technology underlying major cryptocurrencies like […]

https://www.cryptoglobe.com/latest/2021/07/jpmorgan-clients-see-bitocin-as-an-asset-class-to-invest-in-says-senior-exec/

The Canadian central bank's view on CBDCs has shifted. 

https://cryptobriefing.com/canada-cbdc-might-be-beneficial-central-bank/

TL;DR Breakdown • Crypto trading is overshadowed by regulatory authorities in China again.• Binance is accused of having security and token transfer problems.

https://www.cryptopolitan.com/sfc-warns-crypto-trading-platforms/

The pilot trials for China's digital yuan project led by the People's Bank of China, its central bank, has posted some 34.5 billion yuan ($5.34 billion) worth of transactions as of June 2021. The statistics posted were referenced in a whitepaper published by the People's Bank of China (PBOC).

https://cryptodaily.co.uk/2021/07/China-posts-5-3-billion-volume-in-digital-yuan-pilot-program

Hong Kong SFC has become the latest regulator to issue a warning against Binance. The regulatory watchdog said Binance Group of companies are not licensed or authorized to offer any kind of services in Hongkong.

https://coingape.com/breaking-hong-kong-sfc-says-binance-is-not-authorized-to-offer-services/

British Bitcoin-supporting (CRYPTO: BTC) challenger digital bank Revolut raised around $800 million in a funding round led by Japanese investment behemoth SoftBank Group Corp (TYO: 9984).

https://www.benzinga.com/markets/cryptocurrency/21/07/22002238/crypto-friendly-uk-challenger-bank-revolut-now-worth-33b-after-softbank-investment

The Security Clarity Act seeks to lessen regulatory burdens for blockchain-based technology.

https://cointelegraph.com/news/rep-tom-emmer-introduces-bill-to-provide-certainty-for-digital-assets

Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country.

https://cointelegraph.com/news/italian-finance-regulator-issues-warning-on-binance-crypto-exchange

Crypto adoption continues to increase in the UK as another survey revealed that 39% of adults in the country already own crypto and 11% consider buying within the coming months.

https://cryptopotato.com/11-of-uk-citizens-consider-buying-crypto-over-the-next-year-survey/

TikTok has joined the defensive forces against crypto due to the concern of rising financial scams. It has announced an updated branded content policy to halt the advertisement of financial services and products worldwide.

https://coingape.com/tiktok-bans-crypto-influencers-amid-rising-scams/

Beijing Qudao Cultural Development Co Ltd, a software development company based in China has been ordered by the country's central bank to suspend operations. The reason for this suspension is reported to be as a result of the company's involvement in cryptocurrency activities, despite the.

https://news.8btc.com/china-suspends-software-company-over-cryptocurrency-involvement

As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards.

https://cointelegraph.com/news/breaking-binance-suspends-euro-bank-transfers-amid-regulatory-heat