Oman Creates Blockchain Club

A Blockchain Club has been established in Oman to explore financial technologies and potential of blockchain technology
27 November 2017   768

The announcement stems from the recently held Blockchain Symposium, organised by a number of government institutions among which were the Central Bank of Oman (CBO), the Capital Markets Authority (CMA), the State General Reserve Fund (SGRF) and many others.

The founding meeting was held at the Cultural Club, which was attended by the founding members and other interested parties. The meeting aimed at development the club’s organizational framework and exploring the ways in which the new body can become an educational center and platform for sharing the latest developments in this realm.

We have started the process of establishing the first blockchain company, and while Oman Blockchain Solutions and Applications is a company that will not undertake projects itself, it will be a vehicle where every person who would like to test an application can come on board and probably find the right financing, and the right access to regulators and decision-makers in Oman.

 

Abdulsalam bin Mohammed al Murshidi

Executive-president of the SGRF

The club will work under the Cultural Club and is expected to initiate its activities in the near future.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   19

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.