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U.S. authorities postponed stablecoin regulation until September

The postponement is caused by the fact that the bill is not ready: the bill still lacks the U.S. Treasury's concerns about cryptocurrency depositories, as well as comments from the U.S. Securities and Exchange Commission.

Europol: €5000 for information about the OneCoin crypto project owner

Ruja Ignatova, the founder of a Ponzi scheme known as OneCoin, is on Europol's list of most wanted criminals.

New EU bill forces some crypto companies, including Binance, to shut down

 Why It Matters:

• The shutdown of crypto companies could lead to the freezing or loss of their customers' digital assets
• The remaining companies will enhance their market positions

Garantex crypto exchange lost its license following suspicions of terrorist financing

Estonian Money Laundering data bureau (RAB) suspects crypto exchange of systematic violations allowing money laundering and terrorist financing. 

The EU will develop a prototype of the digital euro in 2023

Why is it so important?

• CBDC launch is a threat to euro-pegged stablecoins.
• CBDC development may result in banning the use of cryptocurrencies, as has already happened in China. 

Bloomberg analyst: Bitcoin will rise to $70,000 soon

Senior Commodity Strategist Mike McGlone said that the bullish trend is still underway, so he expects the Bitcoin rate to rise to $70,000.

Major EU car markets report a decline, and automakers cut production

For several months there has been a drop in sales of passenger cars in the EU. In October, the number of registered new cars fell by 30.3%. Major automakers temporarily shut down some plants.