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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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Okcoin secures regulatory approval in Malta and the Netherlands

CEO Hong Fang said Okcoin was focused on Europe as part of the firm's global growth plans.

Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.

In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured "in principle" approval for a virtual financial assets license from the Malta Financial Services Authority. In addition, the exchange has obtained a money transmitter license for the U.S. territory of Puerto Rico.

The regulatory benchmarks in Europe are part of Okcoin’s plans to partner with local banks and payment providers to minimize regulation risks and make it easier for customers to purchase crypto with the euro. The exchange has been providing Dutch residents with crypto-to-crypto trading since 2018, and registered with the country’s central bank as a crypto service provider in May 2020.

“With these licenses, we will continue growing our presence aggressively in Europe and adding payment rails and banking partnerships,” said Okcoin CEO Hong Fang. "Europe is a big focus for our global growth plans, and we have added almost 25 team members in 2021 to better serve our customers in this region."

Founded in 2013, Okcoin is one of the world’s oldest crypto exchanges and has steadily expanded to now serve customers in more than 185 countries. Though its headquarters are based in the United States, last year Okcoin moved into Singapore after it had also secured regulatory approval in Japan.

Related: Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion

Many crypto and blockchain firms have set up operations in Malta, expecting the country would provide favorable regulations within a European Union member. In the Netherlands, however, officials called for a complete ban on mining, trading, or holding Bitcoin last month.

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