by BlockEx 1. Thai SEC Approves Seven Crypto Businesses and Reviews Two Thai Securities and Exchange Commission (SEC) has it has in the country. Five will operate as crypto exchanges. These are Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd. Instead, Coins TH Co. Ltd. and Digital Coin Co. Ltd. (ThaiWM) will operate as cryptocurrency dealers. This is “part of a package of transitional rules governing crypto businesses operating in Thailand prior to the first tranche of regulations that came into force May 14”. Thai SEC also previously that the number of ICOs wanting to get a license is growing. announced granted permission to seven firms to conduct business related to crypto stated 2. US Senate Will Look Into Energy Efficiency of Blockchain Next week, the during a hearing titled “Energy Efficiency of Blockchain and Similar Technologies”. The discussion, which will take place on August 21st, is being hosted by the Committee on Energy and Natural Resources. The committee will attempt to determine what impact blockchain technology could have on electricity and if it can bring any benefit. Energy supply computer systems’ online security will also be a topic of conversation. Despite previous hearings focusing on regulating crypto startups, ICOs, and supply chain potential uses, this is the first time that the main topic is blockchain. US Senate will investigate the energy efficiency of blockchain 3. BMO Leads Blockchain Pilot For Fixed Income Issuance BMO Capital Markets has announced that they are working with the Ontario Teachers’ Pension Plan on a new blockchain pilot. In this trial, the two firms are -backed platform. , of “CDN $250 million] 1-year floating rate Deposit Note”, the Bank of Montreal acted as the issuer while the Ontario Teachers’ as the buyer. This is the first Canadian transaction of its kind. With this system, the participants can view transactions, along with verifying the term sheet and payment amounts. The plan is to reduce costs in areas such as compliance and financial reporting. testing the possibility of registering a fixed income issuance on a blockchain During the transaction This news roundup was brought to you by . BlockEx To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsAndUpdates

16/08/2018: Biggest Stories in the Cryptosphere

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