Lulo Invest Newsletter #20

Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC).

Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.

The stablecoin market is valued at around $125 billion with two tokens — Tether's USDT and Circle's USDC — dominating with around 90% share.

The exchange that looked best placed to benefit from last year’s collapse of FTX has instead found itself beset by regulatory setbacks

According to local media, hundreds of customers have been locked out of their accounts, leaving their crypto effectively trapped.

ADGM's FSP license entails M2 to offer institutional and retail clients in the UAE the ability to buy, sell and maintain custody of virtual assets

The country’s financial regulator laid out guidance for applying rules for traditional money transfers to those involving digital assets.

One ideal framework would combine the EU’s stablecoin regs with Switzerland’s token classification system.

Companies such as Huobi and KuCoin have increased market share this year

Users of Ledger Live, the company’s feature that lets you buy crypto with fiat currency, will now be able to connect their PayPal account to the app.

Jacobi first won approval for the fund in October 2021 with plans to list it in 2022. However the firm opted to push back its plans due to inopportune circumstances elsewhere in the digital asset market.

*Article by McKinsey & Company

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