DAILY CRYPTO NEWS AND TOP CRYPTO EVENTS for 3rd JUL
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Some World Crypto News
1- The company behind Kakao, the most popular messaging app in South Korea, has suggested it will do a private placement next month to raise money for a crypto platform. The platform will be separate from the messaging app due to concerns over the lack of ICO regulations
2 - While regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped the debate altogether.Instead, using an emergency decree that came into effect earlier this year, authorities wrote an entirely new law.
Thailand’s regulations lay out rules for businesses that want to operate as an exchange, a broker, or a dealer. They also formalize a process for initial coin offerings that’s similar to the system for issuing debt or equity. Shock horror, you actually require a business plan, including audited financial statements.
3 - The authorities of the city of Zug on Monday announced that the Alpine nation’s first local blockchain-based test vote had been successfully completed. The premiere was a success”, said Dieter Müller, head of communications for the city of Zug to the Swiss News Agency.
4 - Coinbase Inc., the largest cryptocurrency exchange in the U.S., announced today the launch of its cold-storage and custodial service for digital currencies aimed at allowing institutional investors greater opportunity to enter the market safely.
5 - A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology.
The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, or around half a million residence of the province, hold crypto assets. Currently, the population of Ontario is estimated to be more than 14 million (over 38% of Canada’s population). At the same time, there is another 4% of the Ontario population that used to own crypto assets, though that was no longer the case at the time of the survey.
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