Lulo Invest Newsletters August 11, 2023
Welcome to our 19th newsletter edition!
PayPal bets on crypto's future with US-dollar-backed stablecoin PYUSD | CNN Business
PayPal is rolling out its first stablecoin as it attempts to capitalize on the “emerging potential” of US dollar-backed digital tokens for consumer payments.
amp.cnn.com/cnn/2023/08/07/business/paypal-crypto-stablecoin/index.html
France updates crypto regulations in light of MiCA
The changes go into effect Jan. 1, 2024 and require certain digital asset service providers to follow “enhanced” registration requirements.
blockworks.co/news/france-updates-crypto-regulations
Uzbekistan grants operating license to crypto service
Paynet Crypto secures license in Uzbekistan, marking a positive shift in the nation's crypto stance
crypto.news/uzbekistan-grants-operating-license-to-crypto-service
Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
Fresh crypto guidance from the U.S. central bank doesn’t represent a departure from previous policy, but it provides more details on what the Federal Reserve expects from banks.
www.coindesk.com/policy/2023/08/08/fed-starts-new-program-to-oversee-crypto-activity-in-us-banks/?outputType=amp
Nigeria national agency to authenticate government certificates using blockchain
A national Nigerian agency said it would authenticate youth service corps certificates using blockchain technology.
cryptoslate.com/nigeria-national-agency-to-authenticate-government-certificates-using-blockchain/?amp=1
Jump Crypto Backs $5M Round for Bitcoin Wallet Xverse
The Web3 app supports Ordinals, the technology that brought non-fungible tokens to the Bitcoin ecosystem.
www.coindesk.com/business/2023/08/10/jump-crypto-backs-5m-round-for-bitcoin-wallet-xverse/?outputType=amp
India Wants to Use Crypto Tokens to Digitally Sign Documents
The browser envisions the ability to digitally sign documents using a crypto token, bolstering secure transactions and digital interactions and support Web3.
www.coindesk.com/policy/2023/08/10/india-wants-to-use-crypto-tokens-to-digitally-sign-documents/?outputType=amp
Binance Secures Crypto Exchange License in El Salvador - Decrypt
The industry's largest exchange Binance has secured two licenses for conducting crypto-related business in El Salvador.
decrypt.co/151727/binance-secures-crypto-exchange-license-el-salvador?amp=1
Why Binance Is Abandoning Most of Europe
Crypto firms only need regulatory approval in one EU nation under new rules to serve all 27 in the single market – but some states are more prepared to implement MiCA regulation than others.
www.coindesk.com/policy/2023/08/10/why-binance-is-abandoning-most-of-europe/?outputType=amp
Tokenized Coinbase Stocks Are Coming to Polygon Thanks to Backed Finance - Decrypt
Backed Finance has integrated Chainlink’s price feeds, onboarding a suite of tokenized assets to six different blockchains.
decrypt.co/151723/tokenized-coinbase-stocks-are-coming-to-polygon-thanks-backed-finance?amp=1
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