Aug 13, 2018 at 10:40
The Thai Securities and Exchange Commission to Go Hard on Domestic ICOs
According to the SEC of Thailand, there has been an enormous attention to details of getting a license for operating on the country’s crypto market. At least 50 initial coin offering ventures confirmed their willingness to go legal after the Finance Ministry had introduced a draft regulating digital assets.
Aug 05, 2018 at 10:08
A Recent Study Revealed That 88% of Crypto Exchanges Await Regulation
According to Lithuanian crypto company Mistertango, 88% of digital currency exchanges operating on the world’s crypto market are hoping for industry regulation. Such a genuine aspiration is regarded to be provoked by the fear of a market crash and the need for price stabilization.
More than Half of Cryptocurrency Exchanges Have no Full KYC Compliance
Recent research examining 25 of the world’s crypto exchanges has shown that 68% of crypto exchanges are failing to comply with “Know Your Customer” (KYC) policies. Non-compliant companies have a lot of work to do as new anti-money laundering regulations will come into force next year.
South Korea Is Reportedly Going to Remove the Ban on Initial Coin Offerings
According to Business Korea, the National Assembly has made a move to legalize the local use of initial coin offerings (ICOs). The official recommendation comes after a total ban on the financial technology in September last year. The country’s financial market’s lack of proper regulations has seen domestic businesses moving abroad.