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South Korea’s first blockchain powered remittance mobile app and web service will be launched this month by crypto exchange Coinone. ‘Cross’ For Faster and Cheaper Cross Border Remittances The service, simply named Cross, will be launched by Coinone Transfer, a payments business and a subsidiary of the South...
One thing common to many countries in Southeast Asia is a corrupt voting system and often flawed democracies as a result. South Korea, being one of the leaders in the technology, is looking towards a blockchain based online voting platform that will alleviate such concerns. Korea’s Ministry of...
Mixed messages are still coming from Thailand with regard to the cryptocurrency industry in the Kingdom. This week the Thai Securities and Exchange Commission stated that at least one ICO portal will be certified this month, while the Deputy Prime Minister has called for more control over cryptos....
The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process. Thai Government Announces Plan to Use Blockchain...
In the U.S. Securities and Exchange Commission’s (SEC) latest annual report, the regulatory authority explained that reducing the number of cryptocurrency-related scams is currently among their top priorities. The report specifically cites initial coin offerings (ICOs) as one such sector of the industry that they are focusing on....
Thailand’s main regulatory authority, the Securities and Exchange Commission (SEC), released a warning to investors regarding what it describes as “renegade ICOs.” The warning details multiple popular ICO projects that are operating in the country without any licensing, supervision, or registration. The warning, which was first reported by...
Renowned stock exchange investor Prasit Srisuwan claimed to be a damaged party in the case of a $24 million bitcoin scam that victimized Finnish national Aarni Otava Saarimaa. Srisuwan recommended Saarimaa to invest in DNA 2002 Plc shares, a bitcoin-related business, for its high-growth potential. He brokered the...
Around 50 prospective initial coin offerings have displayed interest in securing a licence from Thailand’s Securities and Exchange Commission. The news follows an approval of the licensing of digital currency businesses, which took effect last month. Of the 50 Interested in Licenses, Three Have Applied Already Since the...
The Securities and Exchange Commission of Thailand has published a timeline for their digital token regulations to come into force. The regulator stated earlier today that they would take effect from July 16, 2018. Thai Regulations Governing Digital Tokens Will Begin Later This Month According to article in...
Thailand’s Association of Securities Companies (ASCO) are considering creating a joint cryptocurrency exchange. The group of securities companies are hoping to receive a license from the Thai Securities and Exchange Commission (SEC). Recent Royal Decree Opens Up Thai Crypto Industry ASCO’s chairperson, Pattera Dilokrungthirapop, spoke to local Thai...
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