Lulo Invest Newsletter #12

Welcome to our 12th Newsletter!

Our latest round up of news in crypto from around the world!

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House

The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.

www.coindesk.com/policy/2023/06/19/uk-crypto-stablecoin-laws-approved-by-parliaments-upper-house/?outputType=amp

Mastercard Focuses Its ‘Engage’ Program on Crypto

The expanded network helps bring new crypto card programs to market and creates crypto-to-fiat conversion capabilities, Mastercard said.

www.coindesk.com/business/2023/06/22/mastercard-focuses-its-engage-program-on-crypto/?outputType=amp

Crypto firm Ripple gets in-principle payments license in Singapore

Ripple said it received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore, the country's central bank.

www.cnbc.com/amp/2023/06/21/crypto-firm-ripple-gets-in-principle-payments-license-in-singapore.html

Crypto Friendly Xapo Bank Expands to India, Rest of South Asia

Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape"

www.coindesk.com/business/2023/06/22/crypto-friendly-xapo-bank-expands-to-india-rest-of-south-asia/?outputType=amp

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.

www.coindesk.com/business/2023/06/22/cryptp-custody-firm-bitgo-cancels-prime-trust-acquisition/?outputType=amp

Coinbase waged unusual legal defense ahead of SEC's crypto crackdown

Months before cryptocurrency exchange Coinbase became the biggest target of the U.S. crackdown on digital assets, the company launched an unusual legal offensive.

www.reuters.com/legal/coinbase-waged-unusual-legal-defense-ahead-secs-crypto-crackdown-2023-06-21

Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg

The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.

www.coindesk.com/markets/2023/06/20/japans-crypto-exchanges-push-for-10-times-leverage-on-margin-trading-bloomberg/?outputType=amp

Deutsche Bank Applies for Digital Asset License in Germany as TradFi Pushes Further Into Crypto

The banking giant announced plans to become a crypto custodian in February 2021.

www.coindesk.com/business/2023/06/20/deutsche-bank-applies-for-digital-asset-license-in-germany-as-tradfi-pushes-further-into-crypto/?outputType=amp

Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron

Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem.

cryptonews.com/news/binance-labs-coinfund-lead-10-million-funding-round-for-cosmos-blockchain-neutron.htm

Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth

The company plans to open an engineering center in India and increase headcount in Singapore to over 100.

www.coindesk.com/business/2023/06/20/gemini-to-expand-operations-to-asia-pacific/?outputType=amp

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