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Thailand Approves 4 New Cryptocurrency Service Providers

Thailand Approves 4 New Cryptocurrency Service Providers The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses. Digital Asset Business Operators Thailand’s Securities and Exchange Commission (SEC) has officially approved four new digital asset business operators. Under the country’s current regulatory framework for digital assets, which covers both cryptocurrency and digital tokens, a company can apply for a license to operate an exchange, a broker, or a dealer for cryptocurrency, digital tokens, or both. Separate licenses are required for cryptocurrency and digital tokens. Among the four new digital asset business operators is Bitherb Co. Ltd. The company has received four licenses…
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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra Cryptocurrency A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Facebook’s Libra Project Facebook unveiled its plans last month for newly formed subsidiary Calibra which aims to provide financial services via the Libra network. “The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, Whatsapp and as a standalone app — and we expect to launch in 2020,” the social media giant announced. Calibra has been providing information to central banks worldwide regarding its Libra plans to create understanding and exchange information, according to Calibra CEO David Mar…

110 Crypto Exchanges Want to Launch in Japan - A Look at Recent Changes

110 Exchanges Want to Enter Japanese Crypto Space Under Japanese law, companies wanting to operate crypto exchanges are required to register with the country’s top financial regulator, the Financial Services Agency (FSA). There are currently 19 registrants operating in the country, 16 of which were approved in 2017 while three were approved this year. However, many more crypto exchange operators have expressed interest in entering the Japanese crypto space. The FSA revealed to news.Bitcoin.com Monday that these businesses are in various stages of registration such as “preliminary consultation” and “inquiries regarding registration,” adding: The number of crypto asset exchange service providers which have expressed their interest is about 110 as of June. Among applicants waiting to be approved is Line Corporation, which owns Japan’s most popular mobile messaging app, Line. The company currently operates an exchangecalled Bitbox, which is available worldwide except in the U.S. and Japa…