Thailand Government to Regulate Crypto

The regulatory framework for cryptocurrencies is expected to be finalized within a month
08 February 2018   392

According to Thailand’s Finance Minister Apisak Tantivorawong, the government will not ban crypto trading because the regulators cannot stop the use of crypto in the country. However, it will develop the regulatory framework for digital currencies and ICOs.

During his speech at the “Thailand Takeoff 2018” seminar, Apisak Tantivorawong informed the audience that regulators cannot stop the use of virtual currencies but will have to regulate and control them in an appropriate manner.

In the near future, the Bank of Thailand (BOT), The Thai Securities and Exchange Commission (TSEC) and the Ministry of Finance, the Anti-Money Laundering (AML) Office will meet in order to have detailed discussion concerning this topic.

According to Apisak Tantivorawong, the TSEC is the best authority to take care of crypto. In his opinion, the TSEC is responsible for the oversight of securities. He believes that the Bank of Thailand is not the appropriate organization to oversee cryptocurrencies since they are not recognized as legal tender.

The government will also regulate ICOs. It will improve its financial technology sector in order to be able to regulate cryptocurrencies and ICOs.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   44

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.