Bitcoin Co. Exchange to Cease Operation

Company is going to develop "other commercial opportunities" so after 30.09 transaction support stops
02 September 2019   194

One of Thailand's largest exchanges Bitcoin Co. Ltd. (BX.in.th) this Monday announced the impending exit from the business. According to a blog post on BX.in.th, the company will engage in the development of “other commercial opportunities,” which it refused to cite.

Starting September 6, users will no longer be able to make deposits, and after September 30, the exchange will stop servicing transactions. BX.in.th customers need to withdraw their funds to bank accounts or digital wallets no later than November 1. After this date, the website of the exchange will work exclusively for the connection of users with it.

The company also clarifies that it will not receive a virtual asset exchange license at the local Securities and Exchange Commission for 2020.

We thank our loyal customers for using our BX.in.th services over the past 5 years and trust you have been happy with the service provided. Please note that all fund are completely safe and all customers will receive 100% of their funds returned to them.
 

Bitcoin Co. Team

Against the background of today's announcement, the Bitcoin exchange rate on BX.in.th at a certain point fell to 199,999 baht, which corresponds to $ 6,500, whereas on most world exchanges this morning cryptocurrency is trading about $ 9,800.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   80

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.
 

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.