Lulo Invest Newsletter #17

Welcome to our 17th newsletter edition!

Namibia's Crypto Assets Bill Is Now a Law

Namibia's virtual assets bill became an act and was put into law on Friday according to the Gazette of the Republic of Namibia.

www.coindesk.com/policy/2023/07/25/namibias-crypto-assets-bill-is-now-a-law/?outputType=amp

Crypto bill passes congressional committee in victory for industry

A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry.

www.reuters.com/technology/us-congressional-committee-set-weigh-crypto-bills-2023-07-26

Canada Unveils New Bank Capital Rules for Crypto Holdings

New rules for banks and insurers are based on international norms, regulators said.

www.coindesk.com/policy/2023/07/26/canada-unveils-new-bank-capital-rules-for-crypto-holdings/?outputType=amp

Singapore High Court Declares Crypto as Property in Case Involving Bybit

The ruling held that a crypto asset is a “thing in action” enforceable via court orders.

www.coindesk.com/policy/2023/07/26/singapore-high-court-declares-crypto-as-property-in-case-involving-bybit/?outputType=amp

Binance Withdraws Crypto License Application with German Regulator BaFin - Decrypt

Binance's issues in Europe continue to escalate as the crypto exchange faces another regulatory setback in Germany.

decrypt.co/150170/binance-withdraws-crypto-license-application-with-german-regulator-bafin?amp=1

Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.

www.coindesk.com/policy/2023/07/25/crypto-exchange-rain-obtains-license-to-operate-virtual-asset-brokerage-custody-service-in-uae/?outputType=amp

Spanish private bank A&G launches crypto investment fund

Spain's leading private bank A&G has launched a crypto investment fund, indicating a rise in adoption in the European nation.

crypto.news/spanish-private-bank-ag-launches-crypto-investment-fund

US crypto's future could fall on these four digital asset bills

Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jur

www.fxstreet.com/amp/cryptocurrencies/news/us-cryptos-future-could-fall-on-these-four-digital-asset-bills-202307250939

OpenAI's Sam Altman launches Worldcoin crypto project

Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday.

www.reuters.com/technology/openais-sam-altman-launches-worldcoin-crypto-project-2023-07-24

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

www.coindesk.com/business/2023/07/25/elon-musks-twitter-overhaul-could-be-huge-for-doge-and-crypto-generally/?outputType=amp

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