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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Huobi and Seychelles regulators can’t agree on where the exchange is registered

The major crypto exchange has long claimed registration in the famous offshoring haven.

Disclaimer: This article's headline was updated to reflect new information regarding the FSA's statement. 

Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in the Seychelles.

On Monday, the Seychelles Financial Services Authority, or FSA, posted an official statement saying that Huobi Global Limited is not registered in the country, despite being the International Business Company publicly affiliated with Huobi.com's crypto services.

The FSA stated that Huobi Global Limited does not hold any license issued by the regulator to undertake in virtual asset trading. “Therefore, the entity is not being regulated by the FSA nor has it been in the past,” they said. The authority went on to urge investors and the general public to be alert in respect to services offered by Huobi Global Limited as well as “any other company providing such services.”

Speaking to Cointelegraph, a Huobi spokesperson denied the FSA's announcement, saying, “Huobi Global Limited is registered in Seychelles and operates with a global structure, serving users in many countries around the world adapting to local laws and regulatory rules.”

The spokesperson added, “We are currently in a good communication with FSA to clarify the situation and understood the alert will be retracted soon.”

According to the user agreement on the official Huobi Global website, Huobi Global Limited is a company incorporated in the Republic of Seychelles under the laws of the Republic of Seychelles. 

The official Huobi website significantly relies on Seychelles’ laws as part of its terms of service, including multiple mentions of the jurisdiction in its legal statement. “This Website is intended to provide professional, safe and trustworthy digital-assets transaction and asset management services [...] without violating relevant laws and regulations of the Republic of Seychelles,” the statement reads.

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