Thailand's virtual currency project

1. Hello, the license of digital currency trading instry generally refers to the operation license in a certain country or local area. The license application standards of various countries are quite different, but the exchange generally needs to prepare materials according to the local enterprise registration conditions and license application standards. Today, let's talk about Thailand, which is related to digital token license. In mid June this year, the Thai government announced that it is legal to engage in blockchain in Thailand, which also means that Thailand has become the first country in Asia to take the initiative to promulgate relevant laws. Thailand is also a big tourism country and a diversified country, which has become a fertile ground for the development of blockchain. Since the beginning of this year, the Thai government has been talking more and more about the AESOP project and the exchange, and has shown a very welcome attitude. More importantly, they also provide clear guidelines for the operation of foreign blockchain companies, thus attracting foreign companies. These are all positive aspects<
Thailand digital currency license application process
1. First, set up the main company in Thailand, and then apply for digital currency trading license in the name of Thai company. At present, only digital currency trading license has been issued in Thailand, but no ICO license has been issued.
2. The fees for applying for Thailand digital currency license are divided into centralization and decentralization
3 The time is about 3-6 months

2. The Thai government has lifted the ban on blockchain and started to issue digital currency licenses, many of which are not yet in use&# 8204; If you want to get a digital currency trading license in Thailand, you apply to register a Thai company. The previous issue also talked about the registration process. In this issue, we will talk about the advantages and disadvantages of doing blockchain ICO project in Thailand< First of all, let's talk about Thailand and China:
first, Thailand and China are very close to each other< Secondly, the Thai government supports the development of blockchain with policy support

thirdly, the price of registered companies in Thailand is not high, and the cost performance is good.

of course, if there are advantages, there are disadvantages. Here we list the disadvantages as well:

first, political instability will lead to unstable economic development< Second, the follow-up service is not perfect and the price is high

thirdly, the maintenance cost in later stage is high

fourthly, the policy uncertainty is strong. According to statistics, there have been 19 military coups in Thailand since 1932. So it's also a big disadvantage

after analyzing the advantages and disadvantages, let's look at the comparison between Thailand and other countries. Take Singapore, which is close to him, as a popular place for blockchain registration. Compared with Thailand, Singapore has lower registration fees, perfect follow-up services and high cost performance. The most important thing is that Singapore is politically stable and economically developed, which is unmatched by Thailand

3. virtual currency can make money, such as my eggs, 200000 yuan eggs, now there are tens of thousands of yuan left. Make and lose, play virtual currency to see, and the heart quality is good, maybe a few minutes before you earn tens of thousands, maybe half an hour later you lose tens of thousands..

4. The core task of mining is undertaken by the general computing power of the graphics card, and the data storage uses the ordinary mechanical hard disk, which can meet the operation requirements.

5. This is the latest thing. Look at their publicity map. It's really good. What kind of dbpay should we pay

6. The so-called Thai Conference itself is a momentum building conference, and the marketing promotion mode of this coin is suspected of MLM. Virtual money pyramid marketing mostly adopts this promotion mode, offline promotion, online promotion through social channels, mainstream media will not report. Later, the so-called Chuangshi team was so powerful that as long as they bought it, they could make money, as if there were no risks at all
it is recommended to stay away from these currencies. Virtual currency is generally carried out online, and there are great risks in virtual currency investment. Domestic well-known virtual currencies include bitcoin, Ruitai coin, gold card and so on.

7. Baht is a constitutional monarchy in Southeast Asia. Thailand is located in the middle of Indo China Peninsula, bordering Myanmar and Andaman Sea in the west, Laos in the northeast, Cambodia in the southeast, and Malaysia in the south.

8. In fact, short selling can be understood as financing, that is to say, you expect the stock price to rise. Now you borrow money from banks or financial institutions to buy stocks. When the stocks really rise, you can sell the stocks and return the money to the banks or financial institutions. At the same time, you can earn the middle price difference.

short selling can be understood as securities lending, that is, you expect the stock price to fall, Now borrow stocks from securities companies, sell them now, and buy them back to securities companies when stocks really fall

the Southeast Asian financial crisis started with the devaluation of the Thai baht. On March 3, 1997, the Central Bank of Thailand announced that nine domestic financial companies and one housing loan company had problems of poor asset quality and insufficient liquidity. Soros and his subordinates believe that this is a hint of deeper problems that may arise in Thailand's financial system. They preemptively ordered the selling of shares in Thai banks and financial companies, and depositors made large withdrawals from all financial and securities companies in Thailand. At this time, the Western shock funds headed by Soros, which are waiting for a large number of Southeast Asian currencies, United and sold the baht on a large scale. Under the siege of many western "Heroes", the baht was hard to resist for a while and kept declining. In May, the lowest price jumped to 26.70 baht to the US dollar. The Central Bank of Thailand, with the help of the whole country, launched an anti encirclement campaign against Soros in the middle and late May, aiming to break Soros's will, make him retreat in the face of difficulties, and no longer lead the public to rise up against the Thai baht

in the first step, the Central Bank of Thailand formed a coalition with Singapore and spent about US $12 billion to absorb Thai baht; The second step is to follow Mahathir's strategy and tactics in 1994, forbid local banks to lend Thai baht to Soros army by administrative order; The third step is to raise the interest rate substantially, and the overnight interest rate will rise from about 10% to 1o00-1500%. The three pronged, new weapons and powerful counterattack led to the rise of Tai Mo to a new high of 2520 on May 20. Due to the sudden tightening of money, Soros's army was unprepared and lost $300 million< In June 1997, Soros sent out troops again, ordered the hedge fund to sell US Treasury bonds to raise funds, expanded the size of Soros's army, and launched a fierce attack on the Thai baht again in the last ten days. After a brief battle, the Central Bank of Thailand, which has only 30 billion US dollars of foreign exchange reserves, declared that it had "run out of ammunition and food". In the face of the overwhelming army of Soros, they were unable to maintain a fixed exchange rate for the Thai baht. Thais have to come up with a last resort, to dig the flesh to mend the wounds, the implementation of floating exchange rate. Unexpectedly, this was expected by Soros, and he made various preparations for it. All kinds of counter measures were carried out one after another, and the fate of the baht was fixed on the humiliating cross by Soros. The Thai baht continued to decline. On July 24, the baht fell to 32.5:1 against the US dollar, setting another record low<

as for why Hong Kong did not fail, the biggest contributor behind the scenes is the central government. Although the Hong Kong government intervened in the market and directly came out to rescue the market, its foreign exchange reserves were limited after all. Although the central government also promised that it would never intervene in the Hong Kong government, it coincided with the return of China. At such a politically sensitive time, Hong Kong's economy must not have any weaknesses, Therefore, by adjusting the structure of China's foreign exchange reserves (we should know that the Hong Kong dollar is foreign currency relative to the RMB), the central government used the US dollar to buy Hong Kong dollar to save Hong Kong without recing its foreign exchange reserves, and then the Hong Kong government used these foreign exchange reserves to repel international speculators such as Soros, so that Hong Kong did not collapse.

9. Thai baht is the official currency of Thailand, issued by the Bank of Thailand. Baht is also the measure of gold in Thai jewelry instry. One baht is equivalent to 15.244 grams

Thai baht (THB) 3610&# 3634;&# 3607;， Symbol: &3647;, ISO 4217 Code: THB) is the official currency of Thailand, issued by the Central Bank of Thailand and the Bank of Thailand. 1 baht is equal to 100 Sadang&# 3605;&# 3634;&# 3591;&# 3588;， satang Thai baht has denominations of 5, 10, 20, 50, 60, 100, 500 baht and 50 Sadang, as well as coins of 5, 10, 25, 50 Sadang and 1, 5, 10 baht, and 1 baht is equal to 100 Sadang. At present, there are five, 10, 20, 50, 100 and 500 baht banknotes, five, 10, 25, 50 Sadang and one, two, five and ten baht coins in circulation. The head of King Bhumibol Alyadej of Thailand is cast on the front of each casting market. In 1937, the official price of the Thai baht was 2.17-2.18 baht, equal to 1 US dollar
happy every day!!!

10. 1 THB = 0.2315 RMB, 1 RMB = 4.3205 THB
therefore, NT $20 is about RMB 4.63.