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Thailand SEC Allays Fears Over Controversial Crypto Proposal

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by
Adeniyi Olowoporoku
on
March 2, 2021 Regulation
Thailand Securities and Exchange Commission (SEC) has allayed concerns regarding some of the requirements in its crypto proposal draft plan. This was in response to the uproar from crypto stakeholders about certain aspects of the proposed crypto framework.
Thai SEC Responds to Crypto Regulatory Controversy
The crypto proposal draft released in February had suggested that new crypto investors must possess a minimum of 1 million baht annual income, a minimum age limit, and proven trading experience. The proposal had drawn criticism due to the excessively high standards for crypto trading, limiting low and middle-income earners from investing in cryptocurrencies. ....

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IoTeX Is Now an Amazon Web Services Partner Network (APN) in China and the U.S.

IoTeX is now part of the Amazon Web Services Partner Network (APN) in the U.S. and China, a press release on Feb 25 reveals. A Boost for IoTeX, AWS Widely Adopted by Fortune 500 Companies The APN is a global partner program tailored for technology and consulting businesses. It is… ....

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North American Car Dealership Company Accepts Crypto Payment for Its Vehicles

HGreg, a car dealership company with locations in the U.S. and Canada, would begin accepting bitcoin and other cryptocurrencies as a payment method for its vehicles. HGreg Blazes Trail With Crypto Payment Support The company made the announcement via a press release published on Tuesday (Mar. 2, 2021). According to… ....

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Belarus Government Could Consider Exploring Crypto Mining Says Energy Minister

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by
Adeniyi Olowoporoku
on
February 26, 2021 Regulation
The Belarus government is exploring the prospects of tapping into the crypto mining industry to utilize its excess energy supply.
Crypto Mining on The Agenda
Belarus Energy minister Vikto Karankevich confirmed this development during a meeting with other energy stakeholders in the country. When quizzed on the prospects of using the country’s energy reserves to mine cryptocurrencies. Karankevich was positive with his reply and stated that the government was looking towards creating mining farms.
He further commented that other countries globally had developed mining industries successfully. “China mines the most bitcoin. Most of the world’s largest mining pools are located in this country. It accounts for 65% of the total network capacity. Mining farms are also developing in the USA, Canada, Russia, and other countries”. ....

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Canada: CI Financial Files for Ethereum (ETH) ETF

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by
Wayne Jones
on
February 26, 2021 Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same.
The First ETH ETF
As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on ETH. Also, it has selected Galaxy Digital Capital Management LP as the fund’s subadvisor; the ETF will be traded on the Toronto Stock Exchange (TSE).
CI Global Assets Management is a subsidiary of CI Financial, prided as one of the Canadian investment giants. ....

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