Vientiane Capital, Lao P.D.R

Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M

Thailand’s Kasikorn Bank, also known as K-Bank, said it has acquired 97% shares in the parent company of Satang crypto exchange, which has operated in the country since 2017. According to a filing, the deal has a valuation of 3.705 billion Thai baht ($102.8 million) and was done via a new K-Bank subsidiary called Unita […]

The challenges of crypto regulation in Laos

While it may not be common knowledge, Laos has had regulations for cryptoasset mining and trading firms since November 2021 that aim to protect the interests of both operators and users.  They were issued two months after six companies were authorized to trade and mine cryptoassets in a trial that was to last three years. Subsequently, in […]

New Cryptocurrency Mining Operation Opens in Laos

Laos has officially launched a cryptocurrency mining operation in Bachiang Chaleunsouk District, Champasack Province. A ceremony to launch the project was held by Lao Crypto Mining and AIF Group, in the presence of Governor of Champasack Province, Mr. Vilayvong Bouddakham, Minister of Technology and Communications, Mr. Boviengkham Vongdala, as well as other senior officials.  Stock […]