Lulo Invest Newsletter #55

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Lulo Invest Newsletters
April 26, 2024

Morgan Stanley considers allowing brokers to recommend Bitcoin ETFs to clients

Wall Street giant Morgan Stanley is considering empowering its brokers to endorse Bitcoin ETFs for their clients.

cryptoslate.com/morgan-stanley-considers-allowing-brokers-to-recommend-bitcoin-etfs-to-clients

EU enacts crypto regulations to combat money laundering

The EU Parliament approved stricter AML regulations for crypto firms, requiring due diligence and identity checks. The AMLA agency will supervise. Hansen anticipates a favorable outcome and credits industry efforts for the risk-based approach.

cointelegraph.com/news/eu-crypto-regulations-combat-money-laundering

Russia pilots new system for tracing crypto-to-fiat links

Russia's central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations

crypto.news/russia-pilots-new-system-for-tracing-crypto-to-fiat-links

Sam Altman’s Worldcoin eyeing partnerships with PayPal and OpenAI

Tools for Humanity has dropped hints it soon could be collaborating with major tech and finance companies, despite a declining rate of new users.

fortune.com/crypto/2024/04/25/sam-altman-worldcoin-partnerships-paypal-openai

Indonesia and Australia sign agreement on crypto taxation

Indonesia and Australia's tax officials signed an agreement in Jakarta on April 22 to establish a crypto information-sharing framework

crypto.news/indonesia-and-australia-sign-agreement-on-crypto-taxation

Bitcoin ETF demand turns negative around BTC halving

ETF demand had slowed to consecutive net daily outflows by the third week of April.

cointelegraph.com/news/bitcoin-etf-demand-negative-btc-halving

After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin | TechCrunch

The company announced that it would start to let customers accept cryptocurrency payments, starting with USDC stablecoins, initially only on Solana, Ethereum and Polygon

techcrunch.com/2024/04/25/after-6-year-hiatus-stripe-to-start-taking-crypto-payments-starting-with-usdc-stablecoin/amp/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACXmfN7v8Gmrk12vlXHtWLwh4jirSy0KYTPfYywUiRpRL7lFi8KTFa7EeSp2GBfVAzTUR0ZFyB1YvwlIgvYNEcpY5joQ-q-kyjg87If87zNuJc4X_oOwsN4-gRkPvNzvf0-SGduATXQ8reoqad-oHwz5mEXxV_3WI6P4hW7zLjca

Upbit Emerges as South Korea's Dominant Crypto Exchange with an 80% Market Share

Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured the majority of the Korean crypto market.

cryptonews.com/news/upbit-south-koreas-dominant-crypto-exchange-80-market-share.htm

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