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Thailand issues SEC 4 Crypto Business License

Tayland SEC 4 Kripto İşletme Lisansı Verdi

Thailand SEC Crypto Business Industry Rises with Regulatory Authorities' Accurate Arrangement of Industry.

The Thai SEC has been very proactive in organizing crypto enterprises in the region. Recently, it announced that the Ministry of Finance had granted digital asset license to 4 crypto enterprises.

According to the announcement, SEC; 7 businesses related to crypto have applied to the appropriate license to operate in the country under Emergency Status in Digital Asset Enterprises. Prior to the decision of the Ministry of Finance to issue licenses, these enterprises were temporarily granted operating rights.

Licensed among enterprises approved 3 crypto exchange Also available: Bitcoin Exchange Co Ltd, Bitkub Online Co. Ltd., Satang Corporation and 1 digital asset broker, Coins TH Co., Ltd. Ltd.

2 of the other 3 applications - Cash2coin Co., Ltd. and Southeast Asia Digital Change Co., Ltd. (SEADEX) - were rejected due to failure to meet the approval criteria.

As stated by the SEC in the press release, these businesses failed:

Ilebilir The custody of their client assets and your KYC systems are inconsistent with the acceptable standards of the SEC. The adequacy of IT security and cyber security systems could not be verified. BT

As Cash2Coin and SEADEX have been rejected, the financial regulator requires them to stop all activities by January 14, 2019. However, the SEC stated that the rejected applicants would be able to apply again if they meet the criteria for application.

Coin Asset Co. When it comes to other companies that cannot obtain approval, the applications are still under review because of organizational changes in the board. The SEC allowed normal business operations to continue while investigations were under way.

Tayland SEC 4 Kripto İşletme'ye Lisans Verdi

Thailand issues SEC 4 Crypto Business License

in Asia Crypto and Blockchain Technology

In many ways, Asia is involved in the crypto-currency and it leaves behind the west in terms of its regulatory attitudes towards the adoption of blockchain technology. For example, in August 2018 more than 50 to operate in Thailand ICO project and 20 cryptocurrency exchange exchange was opened.

This, the SEC secretary general of Thailand said:

Şirket Many companies interested in exchanging digital assets cryptocurrency said that the unit trade is very active. birim

In addition, Thailand has been proactive in adopting blockchain technology, as the government plans to upgrade the country's tax system with blockchain technology. According to the Chief of the Thai Revenue Service, blockchain technology and tax avoidance investigations to recognize the work of artificial intelligence plan to accept.

Japan is another country displaying a proactive approach to crypto currency and blockchain technology in Asia. Japan in October 2018; The crypto industry decided to allow it to regulate itself, rather than avoiding innovation. Therefore, the regulatory responsibility was transferred to the Virtual Currency Exchange Association (JVCEA).

Overall, the trend in Asia is in a quite positive condition on the front of the crypto currency and the blockchain. The government is becoming proactive in organizing and promoting innovation. Crypto-related new businesses and blockchain technology Adoption is taking place everywhere.

As we move forward in 2019, we can expect to see many new developments and innovations in the crypto and blockchain industry.

Source: the Investinblockcha

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph