Lao digital assets exchange - Latest News Update, Information, Photos & Videos on Lao digital assets exchange at Lokmat Times

Vientiane, Jan 19 Lao central bank, the bank of Lao PDR, has issued licenses authorising two companies to trade in cryptocurrencies.The companies are the Lao Digital Assets Exchange (LDX), a joint venture between the AIF Group and the Phongsupthavy Group, and Bitqik, a subsidiary of the Simuong Group.LDX and Bitqik are now the only licensed and regulated institutions in Laos that can offer full brokerage and trading services in cryptocurrencies and other digital assets, both within Lao and the region, Xinhua news agency reported citing the daily Vientiane Times on Wednesday.The two trading platforms are expected to provide full services in April, in full compliance with the regulations of the BOL in terms of cybersecurity and client protection, to ensure the seamless and secure use of digital assets.The Governor of the Bank of the Lao PDR, Sonexay Sitphaxay, said the central bank had put a lot of time and resources into the regulatory and legal tender process, working with the business community and government-related agencies to ensure that investors are protected and are confident about using licensed cryptocurrency exchange platforms in Laos.The bank has also put in place measures to mitigate risks to the economy that may arise from the trade in crypto assets.BOL will work closely with the two licensed exchange platforms and monitor their activities to protect investors and improve the existing regulations, according to the report.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Lao Digital Assets ExchangeFOLLOW

Lao digital assets exchange, Latest News

Politics :Lao central bank issues licenses for cryptocurrency exchange platforms

Vientiane, Jan 19 Lao central bank, the bank of Lao PDR, has issued licenses authorising two companies to ... ...