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Investorideas.com - #CryptoCorner: Thailand's Stock Exchange Plans to Acquire Digital Asset License, South Africa Looks at Crypto Regulation, New Bill Proposed in Wyoming Allowing Tokenized Stocks and Bitwage Partners to Expand Crypto Salary Service
#CryptoCorner: Thailand's Stock Exchange Plans to Acquire Digital Asset License, South Africa Looks at Crypto Regulation, New Bill Proposed in Wyoming Allowing Tokenized Stocks and Bitwage Partners to Expand Crypto Salary Service
January 17th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - January 17, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Thailand's Stock Exchange Plans to Acquire Digital Asset License, South Africa Looks at Crypto Regulation, New Bill Proposed in Wyoming Allowing Tokenized Stocks and Bitwage Partners to Expand Crypto Salary Service
The Bangkok Post reports that the Stock Exchange of Thailand (SET) is planning to apply for a digital asset operating licence from the Finance Ministry, which would make them an authorized digital asset exchange. Pattera Dilokrungthirapop, chairwoman of the Association of Securities Companies and vice chairwoman of the SET's board of governors, commented:
"We [securities firms] are not in a hurry to enter the digital asset trade, as some companies are still managing their core businesses, while cryptocurrencies are just one of the [digital] asset classes where brokers can adapt their trading platforms to serve digital trading. Securities firms are currently waiting for the SET to apply for a licence. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class."
The South African Reserve Bank (SARB), the country's central bank, released a report yesterday detailing the regulatory state of the crypto space and proposing regulation on it. The following excerpt indicates that regulators do not currently intend to ban cryptoassets as they have already seen some degree of adoption, but that further regulation is required.
South Africa does not currently intend to ban the buying, selling or holding of crypto assets, or to ban crypto assets for payments. However, because crypto assets are not recognised as a currency, customers may be exposed to harm in an unregulated environment. The decision not to ban the use of crypto assets is, however, based on the existing landscape and current levels of adoption, acceptance and use. South African authorities, therefore, reserve the right to amend their policy stance should crypto assets pose a material risk to their respective regulatory mandates.
Legislators from the U.S. state of Wyoming have proposed a bill that would allow corporations to issue tokenized stock certificates. If passed, the bill would see shares stored in an electronic format and entered onto a blockchain.
Payroll and HR Services company Bitwage is partnering with payroll company Simply Efficient HR to give more firms the ability to pay employees with cryptocurrency, according to a report from CoinDesk. The partnership will expand Bitwage's service beyond its current user base of 20,000. Currently, Bitwage has 45 active company clients, including peer-to-peer exchange company Paxful. Paxful controller, Hayel Abbassi said:
"Bitwage bridges the gap between bitcoin and the traditional finance system. Paxful simply sends bitcoin to an address, and our employees receive net checks with the proper federal and state taxes withheld."
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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