Copyright © 2017-2019 LHCrypto
All rights reserved.

Some information about us

USDT not secured, CFTC position, exchange from SET

03/15/2019
|
  • SEC_CFTC_cryptocurrency
News list

USDT Tether is not secured with fiat money, the CFTC sees the future of finance in cryptocurrency. Thailand Stock Exchange SET in 2020 will open a cryptocurrency market.

Stablecoin USDT Tether is provided not only in dollars

On the official website of Tether, information about the provision of reserve assets has changed. If earlier it was said that stablecoin USDT is provided with traditional currency, now some “cash equivalents” have been added to them.

Users viewed the news as alarming and could increase the risk factors for the stability of the coin. Earlier in Tether, it was stated that it was storage in an equivalent amount in fiat money in banks that makes the token stable. And now they have been replaced by certain credit obligations and securities. This somewhat changes the very concept of cryptocurrency with a fixed rate and calls into question the preservation of stability in a crisis situation.

Stablecoin USDT Tether is provided not only in dollars

Blockchain and Commodity Futures Commission USA

The head of CFTC, Christopher Giancarlo, said that cryptocurrency has become a key development phenomenon and they will radically transform the situation in the markets in the near future. A special laboratory called LabCFTC was created under his department specifically for solving issues in the blockchain field. It has already established cooperation with colleagues from Britain, Australia and Singapore, and has conducted more than 250 communications with business representatives.

Now in the US, a hidden struggle has unfolded between individual departments. So, the SEC is very wary of financial instruments based on cryptocurrency. At the same time, CFTC has a more loyal position.

Rethinking of crypto. Example of SEC and CFTC

Blockchain and Commodity Futures Commission USA

Thailand Stock Exchange will have its own cryptocurrency market

The Stock Exchange of Thailand (SET) has announced plans to launch a cryptocurrency trading platform in 2020. In addition, there will completely abandon the paper circulation of documentation, all services for users will be converted to digital format.

Back in early 2019, rumors about creating a cryptocurrency platform on SET appeared. However, only now official confirmation of this information was received. It is expected that in the near future the exchange will submit a corresponding application to the Ministry of Finance.

Thailand Stock Exchange will have its own cryptocurrency market

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard