Laos to suspend inactive cryptocurrency business


VIENTIANE (Xinhua): The Lao government will suspend business operations, impose fines, and even revoke licenses of companies that fail to make progress or fulfill agreements made in relation to cryptocurrency mining and trade.

To have new revenue streams, the Lao government authorized 15 companies to pilot a digital asset business involving cryptocurrency mining and trade in these currencies, the Lao People's Army News reported on Thursday.

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