Btc at $8k as bitcoin enthusiasts wait toes g20 reactions

9.52 - UPDATE - THAILAND TO INTRODUCE CRYPTOCURRENCY LAWS Thailand have agreed to implement two new laws. One on cryptocurrencies and the other on initial coin offerings (ICO). Aspisak

Tantivorawong, Thailand’s minister of finance has announced that the government is currently writing up these new laws and ideally will be active by the end of this month. The first law is

the Act on Digital Asset Businesses which requires the registration and know your customer compliance of cryptocurrency operators, as well as imposing penalties and remedies for any

violations of this. The second regulation that Thailand is introducing is the revision of the country’s Revenue Code which concerns taxation related to cryptocurrencies and ICO’s. 9.01 -

UPDATE - UK’S FIRST CRYPTOCURRENCY MINE TO OPEN TODAY The first investable British cryptocurrency mine is to launch today. The mine will be open to qualified investors through The Third

Bladetec Bitcoin Mine company. The mine will be housed in three locations, in London, Surrey and Suffolk. John Kingdon, managing director of The Third Bladetec Bitcoin Mine and Bladetec

founder, said: “The launch of The Third Bladetec Bitcoin Mine Ltd is an exciting development in the world of cryptocurrencies and the UK is the perfect place for us to launch this venture.

Investing in a bitcoin mine allows investors to own both the means of production and the output, with an added level of security and without the volatility that often afflicts

cryptocurrencies. “Large scale computing centre design has been at the core of our experience since Bladetec was first founded and we’re delighted to be using our skills to offer potential

investors a compelling and safe way to get involved in Bitcoin mining.” MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price,

regulation, innovation and financial crime. Bitcoin is currently priced at $8,353, it was jumping around the $7,000 to $8,000 mark over the weekend. Bitcoin fans are holding their breath to

see if the G20 discuss cryptocurrencies and regulation in Buenos Aires. Nigel Green, CEO of deVere said: “G20 representatives must use this summit to work towards an agreement to adopt

common regulations for cryptocurrencies. By doing so, they will position their respective countries on the right side of history. “I would urge officials to study the proactive financial

technology approach being taken by Japan, which was among the very first adopters of a regulatory framework to oversee trading on registered exchanges.” However, Mark Carney, governor of the

Bank of England (BoE) and Financial Stability Board (FSB) chair said: “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.” The

cryptocurrency market is still a small sector and worth less than one percent of global GDP at its peak. Michael Harris, director of financial crime compliance at Lexis Nexis Risk Solutions

said: “No single entity has tried to define regulation of this purely digital ecosystem, and it is unclear how this will be undertaken," Harris said. "Governments will be looking

for a way to align regulation as much as possible. Unless there is uniformity of regulation on a global basis, even at a high level, businesses will struggle to manage the continuing

financial crime risk coming from customers’ cryptocurrency investments."