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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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CoinDCX exchange joins ad regulator following Delhi high court notice

Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization.

Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI).

In what seems like a response to Delhi Hight Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators.

ASCI is a non-governmental self-regulatory organization that claims to favor consumer interests and protection.

On Aug.10, CoinDCX became the first crypto business in India to reach unicorn status. Citing the partnership with ASCI, CoinDCX CEO and co-founder Sumit Gupta envisions that the move “will boost confidence” among Indian investors:

“We have always gone the extra mile to ensure we are fully compliant with the laws and imbue credibility and trust in our service and products.”

ASCI chairman Subhash Kamath shared the organization's intention to add members from “new industries” that believe in self-regulation. “Collaboration and consultation with all stakeholders are keys to navigating the consumer protection challenges posed in this digital age,” Kamath said.

Related: Indian high court seeks ad disclaimers from crypto exchanges

The Delhi high court issued a notice on Jul. 14 that sought to enforce fresh guidelines for crypto exchanges advertising on national television. Along with the notice, the high court planned to discuss the issue with input from the Ministry of Information and Broadcasting, the Securities and Exchange Board of India and crypto exchanges including CoinDCX and Binance-owned WazirX.

Reports on this matter suggested that notice was based on a petition filed by local lawyers Ayush Shukla and Vikash Kumar, who wanted crypto ads to mention “cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks.”

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