Sociall is set to release closed beta version for testing

The company announced its closed beta version release date is scheduled for March 26 with the focus of fixing bugs and removing security vulnerabilities
21 March 2018   709

The startup Sociall that designs decentralized social network has announced at its Medium blog page the release date of their platform closed beta testing. This announcement follows the end of the closed beta registration with nearly 300 people having signed up. Despite the end of the registration new spots will get opened for more users depending on the quality of the testing process: the next 100 users will be added judging by how the system handles the former 300 already signed up ones This situation is actually the result of an overwhelming interest in the platform. All those who have signed up will receive an email with the instruction on how to get started with the beta testing.

The beta version includes such features as user profiles, blocking/unblocking users, further instant messaging improvements, image posts, link posts, multimedia posts (video, audio — embedding only) testing and debugging. During the beta stage user profiles will be polished off, new feed designs will be added and release structure will be improved. Features like community, groups and events will be added upon the end of the beta testing.

Before the launch of the beta testing stage, third party security audits are planned to be completed and the necessary fixes be applied. The audit concerns main frontend application, authentication server, api server, image processing micro-service, sockets micro-service. According to the roadmap, the community section is planned to be added half way through the beta stage, and the next stage should be public launch set to May, 2018.

To the moment of the publication, the Sociall's token SCL market parameters are as follows:

Average price: $0.242137

Market cap: $4,047,083

Volume (24h): $1,153

Thai Watchdog to Issue License to Zipmex

About 30 crypto-exchanges have already applied for licenses to the local Securities and Exchange Commission
20 January 2020   72

According to a press release distributed on January 20 with the Cointelegraph, the Thai Ministry of Finance and the Thai Securities and Exchange Commission (SEC) approved Zipmex for a license that imposes strict regulatory requirements on applicants.

In order to obtain a license, applicants must prove that they have reliable financial sources - with a share capital of at least 50 million baht (about 1.65 million dollars) - and that they work at a high level in their IT and cybersecurity systems.

Under Thai law, licensed digital asset operators that are licensed are classified as financial institutions and must fulfill reporting obligations in the area of ​​anti-money laundering.

According to a press release, about 30 crypto-exchanges have already applied for licenses to the Securities and Exchange Commission. Interestingly, the applications of the two exchanges have already been rejected on the basis of insufficient KYC.

The license was introduced as part of the country's regulatory framework for digital assets, which led to the launch of the first ICO in October 2019.

The operator has secured a partnership with the public company AEC Securities Public Company in Thailand, which specializes in securities, brokerage services and investment banking, in order to attract both retail and institutional investors in the country.

With a license, the Zipmex Exchange expects to begin operations in Thailand earlier this year, having previously launched platforms in Australia, Singapore and Indonesia.

Digital currencies and securities are emerging asset classes for both the banked and unbanked. It is an interesting time in our financial history, and I’m glad Thai regulators are working with exchanges to build regulatory frameworks for these new technologies to operate within.

 

Dr. Sathit Limpongpan

Zipmex CEO

Despite the fact that the authorities initially tried to ban Bitcoin in 2013, the Thai government has taken a more active and pragmatic approach to the cryptography sector over the past year.

As reported, last January, the Thai Securities and Exchange Commission issued licenses to 4 cryptocurrency firms: Bitcoin Exchange Co., Bitkub Online Co. and Satang Corporation, as well as TH digital currency brokerage and dealer company.

These events were followed by an amendment to the country's law on securities and exchanges, adopted in February 2019, which legalized the issue of token securities using blockchain technology.