Thailand Finance Ministry to Regulate Cryptocurrencies by the End of This Month

Despite the fact that many countries ban cryptocurrencies or take serious measures, Thailand is still positively and aims to safeguard against illegal activities
02 February 2018   263

According to finance permanent secretary Somchai Sujjapongse it is not acceptable to allow Bitcoin transactions without warnings and directions from the regulators. He believes that the Bank Of Thailand and Securities and Exchange Commision should issue warnings that cryptocurrencies are not regulated.

In his opinion, the government can benefit from using blockchain technology and should not ban it, that is why the working panel should work rapidly over the next month in order to make a decision of how to regulate crypto.

At the moment the most liberal countries in Southeast Asia which lean towards crypto trading are Japan and Singapore. India is the opposite. Cryptocurrencies transactions are not allowed for illegal activities there and the government will take measures to eliminate such activities.

The only cryptocurrency exchange in Thailand is BX Thailand. It lists 11 cryptocurrencies for trade and has the daily trade volume of around $16 million.  

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   41

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.