Crypto Corner Podcast 511: Thailand’s Stock Exchange Launching Digital Exchange Without Crypto, and Coinbase Acquiring Bison Trails

Point Roberts, WA and Delta, BC – January 20, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

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https://www.investorideas.com/Audio/Podcasts/2021/012021-CryptoMarket.mp3

Crypto Corner Podcast 511: Treasury Sec Nominee Yellen Calls for Curtailing Crypto, Thailand’s Stock Exchange Launching Digital Exchange Without Crypto, and Coinbase Acquiring Bison Trails

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Bitcoin (BTC) has been on the decline since yesterday’s Crypto Corner, dropping from a peak of about $37,750 to a present trading price of around $34,650, according to data from CoinMarketCap.

Meanwhile, U.S. Treasury Secretary nominee, and former Federal Reserve Chair, Janet Yellen has urged legislators to “curtail” the use of cryptocurrencies like Bitcoin, according to Business Insider. She said:

“Cryptocurrencies are a particular concern. I think many are used – at least in a transaction sense – mainly for illicit financing.

And I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn’t occur through those channels.”

Thailand’s Bangkok Post reports that that country’s stock exchange, the SET, plans to launch a digital asset trading platform in the second half of this year, but that it will curiously exclude cryptocurrency trading. According to the article, the exchange indicates that “cryptocurrencies do not meet its product qualifications and could facilitate money laundering, while causing harm to the bourse’s image as a “high trust” exchange.” Adding to this, SET executive vice-president Kitti Sutthiatthasil said:

“Thailand has a strong economy. As inflation has remained low and the Bank of Thailand’s measures to keep the baht stable have worked in the past, the SET has no reason to support cryptocurrencies at the moment.”

Crypto exchange giant Coinbase is acquiring blockchain infrastructure platform Bison Trails, according to an official blog post. An excerpt from the announcement reads:

By joining forces, we aim to bring the advanced technology that the Bison Trails team has developed – and continues to develop – to more projects and more companies around the world. Bison Trails will continue to operate as a standalone product and provide world class services to its current customers, which include some of the most respected names in crypto and financial technology.

Sam Mowers, Investorideas

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