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Subscribe to our Newsletter! It is worth noting that M2 holds a Bahamas License from the Securities Commission of the Bahamas, enabling the global distribution of its M2 Earn product. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Bullish group is majority owned by Block. The M2 is an estimate by the United States Federal Reserve of the amount of money in circulation, including cash held by individuals and money kept in savings and checking accounts, as well as other short-term liquid instruments like certificates of deposit.