Tag: Approved

Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards

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Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so. The membership allows Wirex, a London-based digital payments firm, to issue payment cards directly to consumers, making it easier for people to buy, hold and exchange crypto into fiat money. Raj Dhamodharan, Mastercard’s executive vice president on digital assets and blockchain, said the deal was part of an expansion of the company’s digital assets program, which has now been relaxed to enable other emerging crypto firms to become principal members. “The…

Judge Approved Blockchain Association’s Brief in Kik Case Despite SEC Objections

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A U.S. District Judge allowed the Blockchain Association to file a brief in an ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Kik despite the regulator’s concerns the group was not a neutral observer. Judge Alvin K. Hellerstein of the Southern District of New York signed off on the advocacy group’s right to file the amicus – or “friend of the court” – brief last week, a day after the SEC filed an objection saying several members of the association had financial interests in the case, and…

DashNexus Budget Proposal Approved for Getting DASH Back into Japan

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A $30,000 proposal submitted by the group running Dash’s Japanese website has just received approval to continue their efforts to get the token relisted in Japan. According to an April 27 update on a DashNexus proposal, Yosuke Suda of Dash Japan has purportedly been working with the Dash Core Group to get DASH back in the hands of Japanese investors.  Suda — identified as “Samurai33” — originally posted the proposal on March 10 with the goal of getting the crypto asset “listed on registered crypto asset exchanges in Japan and…

Huobi Token Approved in Japan As Regulators Improve Protections

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Huobi Token has become the first international exchange token approved by Japanese regulators, after the Financial Services Agency (FSA) approved HT as a compliant crypto asset able to trade in the world’s second largest digital asset market from May. Only 25 other tokens have been approved on the FSA’s whitelist at this point as Japan tightens up regulations to better define crypto assets. Last year, the Japanese House of Representatives revised the Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA) with enforcement going into effect from May…

Hong Kong’s First Approved Crypto Fund Seeks $100M Target

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Venture Smart Asia has launched Hong Kong’s first approved cryptocurrency fund with a target of $100 million under management for its first year. According to an April 20 Bloomberg report, Arrano Capital, the blockchain arm of Venture Smart Asia, announced the rollout of a new Bitcoin (BTC) fund in Hong Kong. The venture capital firm reported it had met the conditions for a licensed crypto fund by the local Securities and Futures Commission (SFC). Arrano Chief Investment Officer (CIO) Avaneesh Acquilla said the first attempt is only a tracker fund,…

Stage One of ‘Risky’ EOS Worker Proposal System Approved

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Block producers have approved the first stage of the implementation of a controversial EOS governance change that allows any user to propose network rule changes. EOS blockchain explorer Bloks shows that the first phase was approved on March 24. EOS Nation — the block producer (BP) who proposed the system — claimed in a recent tweet that the 34 positive votes by BPs on the proposal is “the strongest consensus reached on any EOS Mainnet proposal”. According to an EOS Nation’s March 18 post, the newly approved Worker Proposal System…

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

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Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The debit card allows users to spend cryptocurrency as cash anywhere Visa is accepted. The card has since been made available in 29 markets with 10 cryptocurrencies supported. Principal members of Visa are…

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

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Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The debit card allows users to spend cryptocurrency as cash anywhere Visa is accepted. The card has since been made available in 29 markets with 10 cryptocurrencies supported. Principal members of Visa are…

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

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In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. Also read: Regulatory Roundup – Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia SEC, IRS, Financial Stability Council, Senate Several U.S. regulators took some notable steps pertaining to their cryptocurrency oversight…