The Main Stock Exchange In Thailand Applies For Cryptocurrency License

It seems that Thailand is poised to become one of the major players in the crypto industry, well at least in South East Asia.

While its neighboring country Malaysia is still undecided on whether or not to make cryptocurrencies legal other countries in the region like Thailand are moving ahead of the pack and have initiated several legislation aim for adoption of the burgeoning industry.

Now it seems that one of the major financial institutions in the country is dipping its finger on the new industry.

This is no other than the official stock exchange or Thailand, Stock Exchange Of Thailand (SET).

The traditional exchange has applied for a cryptocurrency license that will enable it to offer cryptocurrency products and services.

While this is well and good it was revealed that SET is not in hurry to put out its own cryptocurrency exchange.

The initiative is mainly aimed to help its securities firm members who are looking to becoming crypto brokers and dealers.

It also said that it still lack the experience in dealing with the new sector despite its status as the main stock exchange in Thailand.

New Fiat-To-Crypto Outpost For Binance

It has been recently reported that one of the largest cryptocurrency exchange in the world, Binance has launched a fiat-to-crypto exchange in the self-governing island of Jersey.

The initiative is primarily aimed to serve the markets in the United Kingdom as well as the greater part of Europe.

Traders in the territory will be able to trade with Bitcoin and Ethereum against the British Pound and the Euro.

The new expansion highlights the speed by which Binance has grown to be one of the major players in the industry.

It has seen tremendous growth since its founding just last 2017 riding on the momentum of the crypto bull run in late 2018 and being able to onboard more than 10 million users worldwide.

At current rate the exchange is predicted to likely achieve $1 billion in revenue.

The company continues to build and expand despite persisting bear markets.

It only shows that Binance is a secure, liquid and readily available cryptocurrency exchange that can survive the often unpredictable ecosystem of the cryptocurrency space.

Wyoming Mulling Over Tokenize Stock Certificates

News reports circulating the crypto space has revealed that the crypto-friendly state of Wyoming particularly its legislators have introduced legislation that would allow the issuance of Tokenized stock certificates using blockchain technology.

The bill dubbed as the Corporate stock-certificate tokens was introduced by Jared Olsen (Republican) and Senator Chris Rothfuss (Democratic) along with six other Republican representatives.

It goes by another name as House Bill 0185 which is a proposal on amending current securities laws permitting the use of tokenized digital share certificates instead of using the old traditional paper-based versions.

If the bill is passed shared certificates can be stored in an electronic format and their information to be entered into a blockchain or other auditable database.

If the bill will be passed into law the new legislation will take effect July 1, 2019.

It is widely known in the cryptocurrency space in the United States that Wyoming is one of the most progressive State in America that has been very receptive about blockchain technology and its use cases to improve operational efficiency and cost effectiveness of all participants in the ecosystem.

Some of the recent regulations they have implemented are the exemption of utility tokens from Security regulations as well as regulations to allow startups to operate within a regulatory sandbox.

$16 Million In Series A Investment For Blockchain Supply Chain Platform

Reports abound that a United States enterprise supply chain developer named Chronicled has raised around $16 million in a Series A funding round which the company confirmed last January 15, 2019.

The aim of Chronicled is to use blockchain technology to secure and automate supply chains.

While other projects used ICO to raise capital, the team has remained disciplined and pursued a more traditional route.

Chronicled’s platform is called MediLedger and will be able to support customers coming from a wide variety of industry, such as pharmaceutical industry, precious and rare stones, agriculture and electronic.

The funding round is led by Mandra Capital which is a Hong Kong-based venture capital firm.

Other investors include Streamlined Ventures, The Perkins Fund, Frank Fiore and David Aho.

Brave Launching Pay-To-View Initiative

According to news around cryptocurrency space, Brave has launched a new version of their flagship internet browser that has been updated for opt-in advertisement in the platform.

Brave users will be able to earn Basic Attention Token (BAT) by watching advertisement.

However before you go ahead and start using Brave to earn BAT please note that the earning mechanism is not yet available but just around the corner.

It was revealed that Brave have been working with a number of advertising networks and brands just to test functionality of the feature.

These companies include Uphold, Fluidity, Airswap, Tap Network and BuySellAds.

The Ads system will be fully integrated in Brave 1.0 which is available for the different operating systems of any popular device.

The Ads features is an opt-on only feature and will always be.

The company promised that it will not display un-permissioned advertisement.

This is a whole lot different to what most mainstream browsers like Google and Microsoft.

Advertisement in the program will be displayed as notification were the users can decide to watch it or not. If they opt-in to see the ad a whole page of it will be displayed on another private tab.

No one is sure if the system will work. Time will just tell if the innovative way of presenting advertisement and incentives will be enough to lore in new users in the platform and increase its user base which sits around 5.5 million members.

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