Lulo Invest Newsletter #40

Lulo Invest Newsletters
January 14, 2024

Happy New Year from the Lulo Invest Team!

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license.

www.cnbc.com/2024/01/05/coinbase-to-expand-crypto-derivatives-in-eu-with-license-acquisition-.html

Turkey nears completion of comprehensive crypto regulation framework

The Turkish government is set to establish legal definitions for key cryptocurrency concepts, regulate trading platforms through licensing, and align with the standards of the FATF

crypto.news/turkey-nears-completion-of-comprehensive-crypto-regulation-framework

The Biggest Bitcoin ETF Threat No One Is Talking About

A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.

www.coindesk.com/consensus-magazine/2024/01/11/the-biggest-bitcoin-etf-threat-no-one-is-talking-about

Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank

Brazilian crypto exchanges are buying coins overseas to sell to domestic traders, a new Central Bank report has found.

cryptonews.com/news/domestic-exchanges-account-for-99-7-of-brazilian-cross-border-crypto-trades-central-bank.htm

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license.

www.cnbc.com/2024/01/05/coinbase-to-expand-crypto-derivatives-in-eu-with-license-acquisition-.html

Scaramucci says he plans to buy U.S. bitcoin ETF, 2023 was the best year for his crypto funds

Anthony Scaramucci, founder and CEO of SkyBridge Capital, says the SEC's approval of the first spot bitcoin ETFs should be viewed as a watershed moment.

www.cnbc.com/2024/01/11/bitcoin-scaramucci-says-2023-was-the-best-year-for-his-crypto-funds.html

New funds will make investing in bitcoin easier — here’s what you need to know

The Securities and Exchange Commission approved 11 funds from asset managers such as Blackrock, Invesco and Fidelity late Wednesday.

www.nbcnews.com/tech/crypto/new-funds-make-investing-bitcoin-easier-s-know-rcna133442

South Korea reiterates ban on crypto ETFs despite US approval: report

South Korea’s top financial regulator said that it will stand by its rule that restricts financial institutions from launching crypto ETFs.

www.theblock.co/post/271837/south-korea-reiterates-crypto-etf-ban

Turkey Will Conclude Technical Studies for Crypto Legislation Soon: Finance Minister

Under draft proposals, crypto firms will be required to obtain licenses from the country’s capital markets regulator.

www.coindesk.com/policy/2024/01/10/turkey-will-conclude-technical-studies-for-crypto-legislation-soon-finance-minister

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