#CryptoCorner: Thai SEC Approves First ICO Portal, Binance Wallet Adds Credit Card and XRP Support and Coinbase Links Website with Wallet App
#CryptoCorner:
Thai SEC Approves First ICO Portal, Binance Wallet Adds Credit Card and
XRP Support and Coinbase Links Website with Wallet App
Point
Roberts, WA, Delta BC, March 13, 2019
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March 13 Crypto Corner
Thai SEC Approves First ICO Portal, Russian
Central Bank Imposes Restrictions on Retail Crypto Investment, Binance Wallet
Adds Credit Card and XRP Support and Coinbase Links Website with Wallet App
The Thai Securities and Exchange
Commission (SEC) has approved its first initial coin offering (ICO) portal,
according to a report from the Bangkok
Post today. The unnamed portal is operated by a foreign
company, and is currently being finalised for official approval with the
relevant government agencies. According to the report, “ICO portals help screen
ICOs, conduct due diligence, prove smart contract source codes and verify the
know-your-customer process”.
CCN reports
that the Russian central bank is imposing new restrictions on retail
cryptocurrency investment. The new regulations seek to prevent “unqualified
investors” from accumulating too much cryptoassets. Among the new rules will be
the implementing of an information-sharing system between different exchanges,
so that investors’ assets can be better supervised. The government will issue
qualification certificates that determine whether an investor is experienced
enough to partake in crypto investment. Additionally, would-be investors will
be required to have a university degree in economics and a minimum of of 6
million rubles in assets ($915,000).
Trust Wallet, the official crypto
wallet of exchange giant Binance, is now supporting credit card purchases and XRP,
according to Cointelegraph.
Through a new partnership with payments processor Simplex, Trust Wallet allows
users to purchase the various cryptocurrencies it supports with credit and
debit card transactions.
In a blog
post yesterday, Coinbase announced that users can now link
their Coinbase.com account with the Coinbase Wallet app. This enables the easy
transfer of crypto to and from the Wallet “with just a couple clicks”. The post
explains how this development might be useful for dApp users:
One of the major roadblocks to the user
experience of DApps, has been funding your wallet in order to buy digital
collectibles, play games, or use open finance apps such as Compound or Maker.
Now, with this feature, funding your Coinbase Wallet from your Coinbase.com
account is just one click away. This gives all Coinbase customers an easy
onramp to access the exciting world of DApps.
Sam Mowers, Investorideas
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