Laos licenses 2 cryptocurrency trading platforms-regulation

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Von: Krypto News Österreich

Laos licenses 2 cryptocurrency trading platforms

The Central Bank of Laos has given two trading platforms for cryptocurrencies. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed companies that can offer comprehensive broker and trade services for cryptocurrencies and other digital assets in the country.

2 cryptocurrency exchanges registered in Laos

The Central Bank of Laos, the Bank of the Lao PDR (BOL), reported two companies for the trade in cryptocurrencies trade, local media reported on Wednesday.

The first authorized platform is Lao Digital Assets Exchange (LDX), a joint venture between the AIF group and the Phong Supthavy Group. The second is Bitqik, a subsidiary of Simuong Group.

The two companies are the only licensed and regulated companies in Laos that can offer complete broker and commercial services for cryptocurrencies and other digital assets. Both platforms are expected to offer their full services in April. You will work in full match with the regulations of the central bank.

BOL-GOVERNER SONEXAY SITPHAXAY said that the central bank had invested a lot of time and resources in creating a framework for cryptocurrency and advised with the business world, interest groups and government agencies.

The central bank will now monitor the activities of the two licensed platforms to ensure investor protection and to improve the existing regulations.

In August last year, the Laotian central bank issued a message in which it warned the public about the use of cryptocurrencies, including Bitcoin and ether. The central bank said that cryptocurrencies are not a real currency and are not regulated in Laos. The BOL also asked investors to take into account the risks associated with cryptocurrencies before investing in them.

Nevertheless Laos authors and acting cryptocurrencies in September last year. At that time, the prime minister's office said that six companies had been authorized to reduce and act cryptocurrencies, while the supervisory authorities were working on creating a complete framework for crypto.

What do you think of the Central Bank of Laos, which licensed cryptocurrency exchanges? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.


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