“Digital assets” are considered the world of investment of the future. that Thailand and many other countries around the world pay attention including our neighboring countries such as Lao PDR
Recently, the Bank of Laos (BOL) has issued a license for a cryptocurrency trading board. It is the first legal cryptocurrency for Bitqik, one of only two licensed companies. And prepare to be officially launched for the first time for the two companies that have received this license Lead and test the market how it is. Until 2024, no further licenses will be issued to other companies.
Sonzai Siddhaxay, governor of the Lao Central Bank, said the bank has devoted considerable time and resources to the regulatory process and legal tenders. by working with communities, businesses and relevant government agencies. to ensure investors are protected and have confidence in using an authorized digital currency exchange platform in Laos.
The Lao central bank has implemented measures to mitigate potential risks to the economy from digital asset trading. It will work closely with the above two platforms and monitor operational activities to protect investors. and improve existing regulations
Today, “Thai E-finance News Agency” will introduce Bitqik, the first cryptocurrency trading platform in Lao PDR, which is considered very interesting.
Bitqik is a subsidiary of Si Muang Group (SMG Group), chaired by Ekkaphan Phapitak, a large business conglomerate in Lao PDR. Owns a joint development bank Laos’ first private commercial bank including the import-export business construction contractor automotive business and energy business by obtaining a concession for the Nam Hung Electricity Generating Dam at Xayabouly and the Selamon hydroelectric dam in Savannakhet
In addition, Ekkaphan Phapitak, chairman of SMG Group, is also one of the seven economic think tanks of Prime Minister Pankham Wiphawan who was appointed on June 4, 2021.
The fact that SMG Group has affiliated companies that operate banking business Therefore, it is considered a priority for investors to quickly and securely transfer funds between their bank accounts and crypto accounts.
According to Bitqik, the Cryptocurrency Exchange is just the beginning, as Bitqik plans to develop a Lightning Network (LN) in the future to address the lag in the Bitcoin blockchain when transaction volume increases, and Crypto ATMs that make it possible to withdraw funds from cryptocurrencies. Rip Master It can come out as Fiat Currency, including Crypto Cards to enable real world use cases, which will help investors connect with the world of cryptocurrencies. and increase the opportunity to make profits seamlessly
It is therefore very interesting to see how quickly and how fast Bitqik will make the future of the digital asset market in Lao PDR grow.
