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ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the country’s key cryptocurrency regulator, has revealed the amount of businesses that have applied to operate first coin offering (ICO) portals in the nation.
According to the Bangkok Insight, Mrs. Praopon Senanarong, the Assistant Secretary of the Thai SEC, said that the regulator is reviewing six applications for ICO portals, which are expected to be approved in the fourth quarter of the year. Moreover, 12 portals are interested but have not formally applied for a permit.
Furthermore, the SEC will set up a committee of SEC representatives and ICO pros to oversee ICO and ICOs portals in SeptemberBitcoin Casino – https://bitcoincasinoreview.info >Business Issuing Token Without Permit
The SEC issued a public warning last week about DB Hold Plc soliciting investments in shares and a token without consent after receiving inquiries from investors concerning the company and bitcoin casino no deposit bonus 2018.
After investigating, the SEC found that the company was soliciting investors through social websites for company shares and pre-ICO tokens in the amount of 500 million baht (~US$15,346,130).
The SEC says that it has ordered the company to stop all activities. The regulator reiterates that no firm has been granted approval to issue tokens. Firms that launched their tokens prior to the adoption of the crypto regulations of the country , however, are exempt from having to apply for a license.
New Plan for First ICO by Thai Stock Exchange-listed Company
Jmart Plc is the first company listed on the Stock Exchange of Thailand to issue a token. The business issued Jfincoin through its subsidiary, Jventures Plc. Despite much effort, the coin’s value has dropped from 6.60 baht (~$0.20) per coin in February to about 1.70 baht (~$0.05) within 6 months of launching, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that there was a former Jventures executive involved in the high-profile bitcoin fraud case involving a renowned soap celebrity scamming the news outlet, a bitcoinerTrusted betchain casino business has now come up with a plan. Jmart is currently seeking permission from the Bank of Thailand and the SEC to use Jfincoin for payments beginning with its own Jmart stores. If approved, this coin are the first legal token which can be used for payments in the country, the book conveyed.
What do you think of how Thailand is managing ICOs? Tell us in the comments section below.
Pictures courtesy of Shutterstock.
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How Can CryptoGraffiti Work?
A guest pay some bitcoin can type their message into the text area, and see the message decoded from the blockchain and displayed on the CryptoGraffiti site, together with messages from the Bitcoiners.
June 17, 2016 untill, users were able to send text messages. But now it’s likely to have JPG images written to the blockchain alongside text messages.
The images can be up to 50KB in size. And, when of publishing to the blockchain the process is finished, no one on Earth is able to censor, delete or rewrite the information it is saved in the blocksbitcoincasino app it’s the first service in the Bitcoin ecosystem which implements automated image writing to the blockchain, Bitcoin and bitcoin casino 150 free spins.com reached out to CryptoGraffiti’s creator, Erich Erstu (nickname Hyena), to ask him a few questions about his vision of the task and its possible outcomes for the Bitcoin community.
Bitcoin.com (BC): What do you do for living?
A photo of young Angela Merkel with Hitler, printed to the blockchain for permanent preservation.
Hyena: I’m working as a software programmer in the capital of Estonia.
BC: How did you come to opening such a cool site as cryptograffiti.info?
Hyena: In 2014 I was studying in the Masters’ program of Software Engineering in the University of Tartu. We had a datamining class and for one of the course homeworks we had to datamine something from the world that is real and present the results. I thought? For instance, similarly to how Satoshi wrote »The Times 03/Jan/2009 Chancellor on verge of second bailout for banks » at the very first block of Bitcoin’s block chain. I immediately wrote a program that searches and monitors bitcoin TX’s from the output addresses of each transaction for ASCII text. As I was hoping, I discovered all kinds of messages, so I made the cryptograffiti.info site that displayed those messages. I introduced it as a result of my homework.
BC: Impressive. What services do you plan to implement in future?
Hyena: I intend to implement Proof-of-Existence support as an additional instrument for cryptograffiti which allows secure timestamping of files for notary purposes. Also, In the future I want to develop some fun provably game that is played on bitcoins.
BC: How did you first learn about the Bitcoin technology?
Hyena: I learned about the Bitcoin technology in 2011 from a friend who heard about it on reddit and told me about this »trendy new digital currency that can be used to buy drugs online. » Apparently, he had been interested in that type of thing, but I realized Bitcoin as an investment opportunity of the century777coin casino review Was it scary or fun to learn about Bitcoin at the first time?
Hyena: It was definitely fun to learn about bitcoin because it was my gateway to the secrets of the financial world.
As a result of Bitcoin, I now know how the world economics work, how banks operate and all that.
A satirical message about the current DAO troubles.
BC: What do you think about the ecosystem niche for services such as yours?
Hyena: Many folks argue that services such as cryptograffiti.info cause block series bloat and are thus immoral. It is said that the block chain should not be used for this.
I believe it’s the same like saying that the Internet should only be used for publishing articles and also to swap e-mails with relatives. In my opinion, the immutable data storage feature of the block chain gives intrinsic value and the community ought to be happy for this.
Bitcoin is not the online money that is magic but it also provides a platform for censor communicating and trustless services.
BC: Your recent post on bitcointalk.org forum states:
« I am delighted to announce that I have just received a donation of 0.1 bitcoins from en.hotmine.io Smart Heating. It prompted me to implement the image storing. Also, thanks go to the bitcointalk consumer xumuku who also contributed me bitcoins quite some time ago so that I would implement image storing ».
You have many such messages in the thread. Looks like the service has a real capacity and a big fan-base to grow. Is it profitable to maintain such a simple looking but site?
Hyena: With 2 years of operating, people have saved over 500 messages on the block chain using cryptograffiti.info and I have received 2.1 bitcoins as gifts. Thinking about the current cost of bitcoin I will say that I have never been operating with a loss.
The agency has a potential to become more rewarding and it should be one day turned into a organization.
I’m yet to be approached by people or investors . Until that, I am glad to have developed a service that people actually find useful.
Thank you, Erich Erstu, for answering our questions and providing the community with this new functionality. We wish you the very best of luck with your project.
Picture courtesy of Reddit, CryptoGraffiti.
Zaif Halts New Memberships
One of the 16 regulated crypto exchanges in Japan, osaka-based crypto exchange Zaif, has suspended signing up new members. « We chose to temporarily stop accepting new membership registration at 21 o’clock on September 28, » Zaif’s operator, Tech Bureau, announced Friday. The Business clarified, »Customers who are waiting for registration, such as being already in the process of identity verification by applying for membership registration, will enroll as usual as a member, » adding:
We’re responsible for recovering the damage to all customers who were victimized by the currency outflow that is digital that is current, but to do so, [we need] to concentrate our resources that are internal.
Zaif was murdered on Sept. 14 but the violation wasn’t discovered until Sept. 17. The total damage is estimated to be about 7 billion yen (~$62 million). Tech Bureau claims that approximately 5,966 BTC, 42,327 BCH, and 6,236,810 MONA were stolen and casino games gametwist casino. The country’s Financial Services Agency (FSA) has issued the company a third business improvement order.
Bitflyer announced Monday, Oct. 1, a change in the business’s organizational structure. « Today marks the institution of the holdings company, Bitflyer Holdings Inc., » the company announced. Bitflyer Inc., which operates Japan’s biggest crypto market, »has turned into a wholly-owned subsidiary of Bitflyer Holdings Inc. by way of a stock exchange. » In a joint announcement, Bitflyer Inc. and Bitflyer Holdings Inc. clarified, »Everybody will be able to use our services and transaction just as they always have, » noting:
The purpose for creating a holdings company would be to separate operational and administrative functions, to describe the duties and responsibilities of each function, to strengthen corporate governance, and to produce a more thorough compliance structurestake the bitcoin casino bitcoin casino bonuses mama June 22, Bitflyer Inc. halted new account registrations after it was issued a business improvement order by the FSA. « In order to maximize our efforts towards building a suitable service and improving on the topics identified, we have voluntarily and temporarily suspended the onboarding of new customers, » the market explains on its site.
With the establishment of the holdings company, Yuzo Kano has stepped down as the representative director of Bitflyer Inc. to become the CEO of Bitflyer Holdings Inc.. Nobuyoshi Suzuki from Mitsui Bank Ltd has been appointed the new representative director of Bitflyer Inc..
On Sunday, Sept. 30, Jiji Press reported that the Japan Virtual Currency Exchange Association (Jvcea) »will set a ceiling on the amount of digital currencies handled online, » citing unnamed sources. Members of the association are the 16 crypto exchanges, such as Bitflyer and Zaif. The group has filed to become an organization that can legally enforce. That was added by the news outlet according to the sources:
The ceiling is likely to be around 10 to 20 percent of customer deposits.
The group has been working on implementing self-regulation and was established in response to Coincheck’s hack in January. With the hack of Zaif, the group »plans to tighten self-regulatory measures it follows on the management of customer assets, » the novel described. The information outlet further detailed that the group »will update the self-imposed rules, drawn up in July, and implement them once it is certified by the Financial Services Agency. »
FSA’s Priority Report
The FSA published a report entitled Financial Services Policy: Assessments and Strategic Priorities 2018 on Wednesday, Sept. 26.
The agency revealed that based on data of 14 controlled crypto trades and three deemed providers obtained by the Jvcea, 81.6 percent of all crypto transactions going through these trades are »margin or future trading. » Meanwhile, 18.4 percent are spot trading. Deemed providers are exchanges which were permitted to operate in Japan while their applications are still being reviewed by the bureaucryptogames review Japan currently has a total of Coincheck, Lastroots three deemed providers, and Everybody’s Bitcoin.
In its report, the FSA shows that it will »Tighten registration screenings and monitoring, due to issues found in reviews, » »Review certification applications prepared by self-regulatory associations and encourage them to attain the early establishment of the self-regulating function, » and »Lead the discussion for international cooperation to form regulations as the chair of the G20 in 2019. »
What do you consider the improvements in Japan? Let us know in the comments section below.
Images courtesy of Shutterstock, Japan’s FSA, Zaif, and Bitflyer.
Have to compute your bitcoin holdings? Check our tools section.
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