Lulo Invest Newsletters September 08, 2023
Welcome to our 23th newsletter edition!
FASB Says Crypto Assets Should Be Marked at Current Values
The U.S. standard-setting organization for accounting has moved to insist companies use “fair-value” accounting to report their crypto holdings.
www.coindesk.com/policy/2023/09/06/fasb-says-crypto-assets-should-be-marked-at-current-values/?outputType=amp
IMF and regulators set out roadmap to contain crypto risks
Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate measures that stop cryptoassets from undermining macroeconomic and financial stability.
www.reuters.com/technology/imf-regulators-set-out-roadmap-contain-crypto-risks-2023-09-07
‘A Huge Deal’—Visa Reveals Crypto Payments Bombshell That Could Cause Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Toncoin Price Chaos
Payments giant Visa has said it will ramp up its use of Circle's USDC stablecoin on its network, opening the door to future bitcoin and crypto expansion...
www.forbes.com/sites/digital-assets/2023/09/07/a-huge-deal-visa-reveals-crypto-payments-bombshell-that-could-cause-bitcoin-ethereum-bnb-xrp-cardano-dogecoin-solana-tron-and-toncoin-price-chaos/amp
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
Commissioner Caroline Pham is outlining a “time-limited” program to start allowing regulated crypto markets and tokenization, an approach she says has precedents.
www.coindesk.com/policy/2023/09/07/cftc-commissioner-pitches-pilot-program-for-us-crypto-regulation/?outputType=amp
Croatia launches one of world’s first crypto pig farm platforms
www.euractiv.com/section/politics/news/croatia-launches-one-of-worlds-first-crypto-pig-farm-platforms
New Thailand Govt Turns to Blockchain and Crypto Wallets for National Airdrop
Thailand's new government leverages blockchain and digital wallets for a national cash airdrop promoting digital finance.
beincrypto.com/thailand-blockchain-crypto-wallets-national-airdrop
Taiwan makes progress on crypto regulation, plans to ban non-compliant offshore exchanges
Taiwan’s Financial Supervisory Commission (FSC), the island’s top financial regulator, held a public hearing for the crypto industry on Thursday. As r
www.fxstreet.com/amp/cryptocurrencies/news/taiwan-makes-progress-on-crypto-regulation-plans-to-ban-non-compliant-offshore-exchanges-202309071110
U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.
www.coindesk.com/policy/2023/09/07/uk-crypto-firms-can-apply-for-3-month-reprieve-to-comply-with-tough-new-ad-rules/?outputType=amp
Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg
Bragg said the Labor government had put regulating crypto in the slow lane.
www.coindesk.com/policy/2023/09/04/australia-senate-committee-rejects-crypto-bill-from-opposition-senator-andrew-bragg/?outputType=amp
Google Updates Crypto Ads Policy, Clarifies Rules for Blockchain Games
Starting Sept. 15, advertisers can run ads for NFT games that do not promote gambling-related content and adhere to Google’s ad requirements.
cryptonews.com/news/google-updates-crypto-ads-policy-clarifies-rules-for-blockchain-games.htm
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