Lulo Invest Newsletter #5

The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.

The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs.

Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country.

Crypto companies are praising the way the U.K. is going with regulation in the digital asset space—unlike attitudes toward U.S. policymakers.

The policy announcement makes no mention of crypto, which the government cracked down on in 2021.

Coinbase last week argued the SEC is providing insufficient regulatory guidance for U.S. companies operating in the crypto sector

The platform will offer liquidity pools for U.S. Treasury bills, later this year.

The Senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services.

Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets

May 10 is the final day customers will be allowed to take out new loans through the program.