Stock exchange with a turnover of $ 1.5 trillion enters the market of cryptocurrencies

The Swiss Stock Exchange SIX announced the launch of a fully regulated exchange cryptocurrency. SIX Digital Exchange will be regulated by the National Bank of the country and FINMA financial regulator and will become the world's first crypto-exchange, which simultaneously provides trade settlement and depositary services.

The SIX Stock Exchange, which has a common trading space with Deutsche Börse AG and Eurex, is the third-largest stock conglomerate after NYSE Euronext and NASDAQ OMX and has a turnover of $ 1.5 trillion.

According to the Director General of SIX, Jos Deiselhoff, the creation of a crypto-exchange site is "the beginning of a new era for capital markets infrastructures." Trades on the SIX Digital Exchange will begin in the first half of 2019.

Thailand became the 12th country in the world where one can register ICO

The government of Thailand legalized the legal standards for the ICO. In order to obtain SEC authorization, a company must be registered in Thailand, have an authorized capital of at least $ 150,000 and, with a primary placement, assign a denomination of a token not exceeding $ 9050. Number of tokens does not matter, however their exchange is possible only for 7 cryptocurrencies (Bitcoin, Ethereum, XRP, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin) or Thai baht.

Thailand became the 12th country where it is possible to register a company for ICO. Earlier, Australia, Switzerland, Malta, Singapore, the Philippines, Estonia, the United States, Japan, Gibraltar (without the GFSC license), the UAE (without the DFSA license) and the Czech Republic have established rules for cryptocurrency start-ups. The Philippines and Bermudas are in the process of adopting standards for the ICO.