Coinbase Treks Back Claim That SEC Approved Trio of Acquisitions
Yesterday, cryptocurrency trade Coinbase has retracted reports of obtaining US Securities and Exchange Commission (SEC) to index tokenized securities on its trading platform. Reports emerged on Monday stating that Coinbase had earned approval from the United States Securities and Exchange Commission (SEC) and the Fiscal Industry Regulatory Authority (FINRA) to acquire three companies which force enable Coinbase to operate as a registered broker-dealer for the crypto securities merchandise. However, in an email sent to Bloomberg the company retracted those statements. An extract from the email reads:
“It is not correct to say that the SEC and FINRA approved Coinbase’s securing of Keystone because [the] SEC was not involved in the approval process. The SEC’s approval is not required for the difference of control application. Coinbase has discussed aspects of its proposed operations, covering the acquisition of the Keystone Entity, on an informal basis with several fellows of SEC staff.
Read more here
Japan’s FSA Forms New Division to Keep an eye on Up With Crypto
The Japanese Financial Services Agency (FSA) has set up a new division, The Master plan Development and Management Bureau (SDMB), which will be tasked with clobbering cryptocurrency, fintech, and money laundering matters. According to Nikkei, an Asian hot item outlet, the bureau will devise financial policy strategy and hilt tasks that encompass wide-ranging fields, such as financial technology, accepted currencies, and money laundering.
Read more here
Blockchain Personality Verification Firm Civic Acquires Identity.com
Last Tuesday, blockchain startup Civic specialized in indistinguishability management has announced the acquisition of Identity.com, a decentralized identity verification ecosystem that ties users, requesters, and validators. In accordance with the announcement, Identity.com determination be a first-of-its-kind decentralized platform that will open up access to on-demand, fix identity verification, powered by Civic tokens (CVCs). Blockchain startup Civic claimed:
“Identity.com represents a completely new approach to managing a decentralized community. In Stride, we processed the first CVC-powered Know Your Customer (KYC) transactions, importance the first exchange of CVCs for identity verification services. Now, we are preparing to unfold access to decentralized identity verification services.”
Read more here