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On Thursday, crypto assets went down, reacting to the Deputy Prime Minister of Thailand Wissanu Krea-ngam’s shocking remark. The statesman called for greater control on crypto assets.
As a matter of fact, on the Bitifinex exchange, Bitcoin headed south by 0.7% demonstrating a result of $6,516.
As for Ethereum, this digital coin slumped by nearly 1.7% being worth $215.53. Litecoin went down by 3.9% trading at $53.607. Besides this, XRP declined by 3.6% trading at $0.51532.
The Bangkok Post informed that Krea-ngam was assured that new measures are urgently required both internationally and domestically to protect consumer security.
On Wednesday, the Thai Revenue Department disclosed its plan to track tax payments by means of the cutting-edge blockchain technology as well as machine learning.
The given technology will be employed to verify the validity of taxes paid and also to accelerate the tax refund process. Moreover, the move would enable the department to spot tax fraud more effectively.
Earlier this year, Thailand came up with a regulatory framework for crypto assets.
Krea-ngam told that in the future the laws should be amended, so that the financial world could better keep up with fast technological changes.
In addition to this, on Tuesday, Poloniex, run by Goldman Sachs-backed startup Circle, told that it would start offering customers the option to purchase Bitcoin cash ABC as well as Bitcoin cash SV tokens.
Apparently, it would appear to be the first exchange to provide such trading services against the backdrop of an everlasting debate over the technology's roadmap, as CoinDesk informed.
The exchange told that they’re doing it to empower clients to show their support for one crypto asset over the other via trading activity. Additionally, Poloniex is going to back trading markets for both tokens right after the hard fork.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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