#CryptoCorner: #Bitmain May Be Gearing Up for IPO, #Coinbase Nearing SEC Registration and Thailand to Test Central Bank Digital Currency
#CryptoCorner: #Bitmain May Be Gearing Up for IPO,
#Coinbase Nearing SEC Registration and Thailand to Test Central Bank Digital
Currency
Point Roberts, WA, Delta BC –June 7, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06071BitmainCoinbaseThailand.asp
#Bitmain May Be Gearing Up for IPO, Coinbase Nearing SEC Registration
and Thailand to Test Central Bank Digital Currency
Bloomberg reports that Bitmain Technologies Ltd., the largest producer of
cryptocurrency mining chips in the world, may go public. The report revealed
that Bitmain CEO, Jihan Wu, had “no specific plans at the moment”, but that
“he’s open to a listing in Hong Kong -- or in an overseas market with U.S.
dollar-denominated shares”.
“One of Bitmain’s biggest competitors, Canaan Inc.,
has already filed for a Hong Kong IPO that people with knowledge of the matter said could raise about $1 billion. Bitmain’s 2017
revenue was about twelve times that of Canaan’s.”
Coinbase president and COO Asiff Hirji announced in
a blog post that the company was “on track to operate a regulated broker-dealer.”
Hirji said that Coinbase has acquired a broker-dealer license, an alternative
trading system license and a registered investment advisor license.
“There are now
many types of blockchain-based digital assets, from cryptocurrencies to
security tokens to collectibles. In the United States, some of these assets
will be subject to SEC oversight. With this in mind, securing these licenses
will bring us a step closer to our goal, which is to be the most trusted way
for our customers to buy, sell, and use many different types of crypto assets.”
Thailand’s
central bank is exploring the use of digital currency in conducting interbank
settlements. In a speech at the Nomura Investment Forum on
June 5 in Singapore, Bank of Thailand (BoT) governor Veerathai Santiprabhob
explained that the goal of the undertaking, named “Project Inthanon”, would be
more efficient transactions.
“Like other
central banks, our goal is not to immediately bring CBDC into use, but rather
to explore its potential and implications for back office operations. These
efforts should pave way for faster and cheaper transaction and validation due
to less intermediation process needed compared to the current systems.”
Sam Mowers, Investorideas
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