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Payment profusion


Payment profusion
Payment profusion
While cryptocurrency prices tend to hog the headlines, tech-based tokens are shifting their shape while gaining more mainstream interest, even among central banks
published :
28 Jun 2021 at 06:44
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The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satoshi bitcoin and blockchain shop in Zurich on Friday. (Reuters photo)
The adoption of Bitcoin and other cryptocurrencies as a payment method for goods and services is gradually gaining traction among real-world entrepreneurs despite the inherent price volatility, including a recent dip. ....

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Industry urges rethink on token ban


Industry urges rethink on token ban
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Group argues rule gives edge to Bitkub
published :
15 Jun 2021 at 05:31
4
Representations of bitcoin and Dogecoin. The Thai SEC barred trade of meme-based tokens, fan-based tokens, NFTs and exchange-issued tokens on Friday night. REUTERS
The Thailand Digital Asset Operators Trade Association (TDO) is seeking a revision following the Securities and Exchange Commission s (SEC) recent ban on trading of meme-based tokens such as Dogecoin, fan-based tokens, non-fungible tokens (NFTs) and exchange-issued tokens.
The TDO condemned the regulator s decision, saying the new rules give a competitive advantage to Bitkub s KUB coin because those coins have already been issued, compared with other exchanges that have yet to do so. ....

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The flipside of stablecoins


The flipside of stablecoins
The flipside of stablecoins
The central bank banned privately developed baht-based stablecoins, yet indicated interest in developing its own coin in the future
published :
19 Apr 2021 at 04:30
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Stablecoins are a new class of cryptocurrencies pegged to traditional financial assets such as fiat currencies, offering crypto traders safe harbour in a market characterised by volatility.
Thailand knows the risks of pegging currencies, given its attempt to tie the baht to the US dollar, which spurred the 1997 Asian financial crisis. The Bank of Thailand has already banned the use of a privately developed baht-based stablecoin before it could be publicly bought or sold, fearing it could destabilise the currency, yet it also indicated interest in developing its own coin in the future. ....

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