Chainlink, Mastercard partner to offer crypto to consumers. Japan proposed new crypto rules as it shifts to ‘new capitalism’ economy. Nano Labs will invest more in Bitcoin Treasury, shares soar and Trump weighs Executive Order to stop debanking of crypto. Jane King has the latest from the NYSE.
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Thanks, Remy.
Here's a look at your Coin Street headlines.
Chain Link and Mastercard are partnering to allow 3 billion cardholders to buy crypto.
The integration comes with help from several Web 3 companies whose technologies offer a compliant user experience.
The integration is made possible through a series of partnerships with Web 3 entities including Shift for Payments, Swap or Finance, XSwap, and Xero Hash, a crypto and stablecoin infrastructure company.
That will provide the on-chain service and liquidity, enabling customers to convert fiat currency to crypto.
Well, in Japan, there's a proposal to reclassify crypto, paving the way for ETFs and lower taxes.
The proposal suggests that recognizing crypto as financial products under the scope of the Financial Instruments and Exchange Act will have the same regulatory framework that governs securities and traditional financial products.
The Shift is part of the Japanese broader new capitalism strategy which seeks to position the country as an investment-led economy.
And another company looking to boost its Bitcoin reserves, Chinese blockchain infrastructure firm Nano Labs has announced a convertible notes purchase agreement for $500 million to find its BNB token treasury.
Shares of Nano Labs doubled on that plan, and President Trump may issue an Executive order to protect crypto firms from banking discrimination, ending what some call Operation Choke Point 2.0.
The Wall Street Journal reports the move would come in response to allegations that some banks had denied services to tech and crypto entrepreneurs.
At least 30 tech and crypto founders were reportedly denied access to banking services during the administration of former President Joe Biden, and that's the latest Coin Street headlines.
