Laos has introduced new rules for regulating the digital asset market
The document includes a number of important requirements for cryptocurrency exchanges and miners
18.11.2021 - 07:15
378
1 min
0
.
What’s new? According to local media reports, the Laotian government has drafted and published new rules for individuals and businesses to operate in the cryptocurrency market.
News source on the Laotian Times website
How will Laos regulate the industry? According to the document, only Laotian residents will be allowed to register cryptocurrency companies with an appropriate security deposit of $5 million. A minimum power consumption threshold of 10 MW will be set for miners. At the same time, a single tariff with preferential conditions for the rainy season will be formed for the efficient mining of cryptocurrencies.
As for the operation of exchanges and platforms in Laos, their operators will have to pay $1 million for a license. Thereafter, the tax will be 15% and will be levied on the amount of commissions received.
Useful material?
Telegram 
Twitter Market
Analysts see this as a sign of a future bull market
May 26, 2023
Technologies
#USD is issued based on the Ordinals protocol and is backed by US dollars
May 26, 2023
Market
The platforms currently support operations with a limited number of digital assets
May 26, 2023
Market
The company’s CEO said that hardware wallet makers “should, at no stage, make the seed phrase accessible to anyone but the user”
May 26, 2023
Incidents
In this, he had already remitted the entire amount of bail to the court of first instance
May 25, 2023
Trends
The current rate is 3,36% per annum, and the loan-to-value varies from 40% to 60%
May 25, 2023
Cryptocurrency rates
-
Bitcoin
$28 027
BTC
+3.15%
-
Ethereum
$1 903.55
ETH
+2.87%
-
Ripple
$0.48
XRP
+1.9%
-
Cardano
$0.38
ADA
+2.11%
-
Dogecoin
$0.07
DOGE
+0.59%
-
Polkadot
$5.49
DOT
+2.11%
-
Litecoin
$91.16
LTC
+1.57%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$156.16
XMR
+2.76%
-
Stellar
$0.09
XLM
+0.51%