RABIT Weekly News (W3 July 2022)

European Central Bank (ECB) raises the possibility of imposing a carbon tax on cryptocurrency transactions and banning PoW mining. As there have been many regulations on gasoline vehicles to reduce greenhouse gas emissions by EU authorities, the blockchain industry could also face some climate change-related measures and regulations.
As Putin signs a bill to ban cryptocurrency payments in Russia, digital financial assets (DFA) will no more be tolerated as a means of payment in Russia. The bill will take effect 10 days after it is published in the Moscow government paper.
Crypto company Celsius filed for Chapter 11 bankruptcy protection on July 13th. According to the bankruptcy document, there are more than 100,000 creditors, including both customers and lending counterparts.
The Dutch central bank (DNB) said it has imposed a fine of 3.3 million euros on Binance as it provided cryptocurrency services without acquiring DNB's license. Currently, DNB is reviewing Binance's license application.
It was a week driven by the issues of the U.S. Federal Reserve's ultra-step (100bp) and the Fed's remarks than by cryptocurrency market news.