Some are private persons, investors, and traders had to RUB this Monday morning probably twice your eyes to realize that Thailand’s largest Exchange BX unexpectedly closes the doors. The Crypto-Exchange BX (bx.in.th) was the leading and largest Exchange in Thailand. Investors must Ensure, however, not to your Assets to make. The news of the closure is from the ‘Nothing’, but it is controlled and regulated to be performed.You missed the most important news of the last week, or want to see it again in the summary? Then, we recommend our weekly review with a lot of exciting Insights.
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Exchange BX: Thailand’s largest stock exchange, close up
In an official announcement this Morning of the ‘Thai SEC regulated Crypto Exchange, BX stated that it will set your business at the end of the month. The announcement contained little explanations about the reasons for the closure – it was noted, however, that the operator of Bitcoin co. Ltd now has ‘other business opportunities’ focus would like to.The announcement on the website was that all deposits after the 6. September will be disabled and the trade for 30. September is set. Literally, it says:
We ask all customers to transfer their Funds and credit balances on your Wallets or Bank accounts. The Exchange will request SEC license for the upcoming year of 2020, and we therefore ask all customers to get your Funds no later than the 1st of November, 2019 from the exchange.
Exchange BX was one of four regulated Exchanges in Thailand
BX was one of the few exchanges with a legal license to operate in Thailand. Only four Exchanges have been issued by the SEC to the beginning of this year, Digital Asset Trading licenses. In this respect, it is assumed unlikely that regulatory concerns have played an important role for closure.Thailand’s government has taken in the last few months, in General, hardly/no concrete steps against the Crypto-trafficking; on the contrary, the country was (and is) relatively open to the industry. Of course, there were (and there are) but also the usual warnings of fraud by the Central Bank. However, there have been no announcements that indicate a large-scale crackdown by the authorities.The announcement has sent local traders now, of course, the search for an alternative Exchange. Bitkub, the is also registered with the Thai authorities, seems now to be the first choice. The crowd does not seem to be so high, that the website in the course of the day was, in part, once more available.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.
Exchange: the search for the right stock market
Again and again it comes to messages, that stock exchanges may close unexpectedly or even an Exit Scam to perform. The most prominent case this year probably refers to the canadian Exchange QuadrigaCX. For investors, such messages are rarely positive – often it comes to a total loss.Therefore, it is even more important on a reputable Broker ends, respectively, to set a serious Exchange.Precisely for this reason, we have tested for you different brokers and Exchanges on the heart and kidneys. The results you will see in the following enumeration.Have you already found the right Exchange for you? If you are thinking about just what is for you the right, then come on in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)