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The EU has passed the contentious European Data Act, affecting the use of smart contracts and algorithm training, and prompting mixed reactions in the cryptocurrency sphere. Simultaneously, a legislative framework for a digital euro has been proposed to enhance accessibility.

The Financial Stability Board (FSB) proposed a set of regulatory measures for cryptoasset activities, including stablecoins. Their framework, aimed at mitigating possible financial stability risks from these digital assets, calls for a robust regulatory framework.

The United Kingdom's new legislation, the Financial Services and Markets Bill (FSMB), marks a monumental shift in the recognition of cryptocurrencies as financial assets. It forms part of the government's push to foster a cutting-edge, sustainable financial sector.

The UK Law Commission urges laws for digital assets like cryptotokens and NFTs, securing its position in the crypto arena. Recommendations sent to the government align with the Treasury's goal to become a global hub for cryptocurrencies, attracting investment.

FTX, a bankrupt crypto exchange, files lawsuit against former compliance officer, Daniel Friedberg. Allegations include acting as a 'fixer', paying off potential whistleblowers. Charges include malpractice, breach of duty, and fraudulent transfers.