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      "body": "Congratulations @itzdatboi! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@itzdatboi/community.png</td><td>Thank you for the witness votes you made to support your Steem community and for keeping the Steem blockchain decentralized</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@itzdatboi) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=itzdatboi)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmTugCUsoXX762vg1CuHRrpnPbfnjPogp8iCGv7F2kSVuj/image.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\">Use your witness votes and get the Community Badge</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "title": "",
      "body": "Thanks for sharing. Good post. :) I'm following. Please follow me...",
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      "author": "itzdatboi",
      "permlink": "omg-krungsri-finnovate-leads-latest-funding-round-in-omise",
      "title": "(Omg)  Krungsri Finnovate leads latest funding round in Omise",
      "body": "![(From left) Omise and OmiseGO CEO and founder Jun Hasegawa; Krungsri Finnovate MD Sam Tanskul; and Omise COO and co-founder Ezra Don Harinsut.jpg](https://steemitimages.com/DQmfPLZpdHXWoh1SzGHsLSmNZRVEfxQygGNUx3kaqdZTc9X/(From%20left)%20Omise%20and%20OmiseGO%20CEO%20and%20founder%20Jun%20Hasegawa%3B%20Krungsri%20Finnovate%20MD%20Sam%20Tanskul%3B%20and%20Omise%20COO%20and%20co-founder%20Ezra%20Don%20Harinsut.jpg)\n\nKRUNGSRI Finnovate, a subsidiary of Krungsri (Bank of Ayudhya) and member of the Mitsubishi UFJ Financial Group (MUFG), announced on Sept 28 the completion of a Series B plus round into Omise, a Thai online payments startup.\n\nWith Omise’s expertise in online payment and blockchain technology, Krungsri plans to adopt the technology to support its online payment services for greater customer experience.\n\nKrungsri Finnovate managing director Sam Tanskul said, “This round of funding into Omise marks the second investment of Krungsri Finnovate this year and also it is one of the biggest start-up investments made by a Thai financial institution’s CVC.\n\n“As a subsidiary of a leading financial institution, we have seen growth opportunities in online payment as well as a solid expansion of Omise’s transaction volume.\n\n“We also realised that opportunities abound for Omise to tap the full potential of e-commerce in Southeast Asia and offer the payment solutions across the region.”\n\n“With Omise’s expertise in online payment and blockchain technology (OmiseGO), Krungsri will accelerate the adoption of the online payment technology.\n\n“As part of a long-term plan, OmiseGO, a blockchain-based financial technology focusing on digital, real-time value transfers and payments, could potentially support the development of our digital products and services such as KMA, Di-wallet, and U-Choose,” Sam added.\n\nThe completion of this deal brings together a strong strategic fit, enhancing each party’s respective strengths to support the growth of financial-technology innovations and the adoption of services across Southeast Asia.\n\nBy leveraging on Krungsri’s strong foothold in Thailand and MUFG’s global capabilities and connections in more than 50 countries across the world, this synergy represents another solid step in Omise’s journey to build on its foundation of payment services and underpin their base not only in Thailand, but also in other countries across the region.\n\nWith this partnership, Omise will be able to help boost Krungsri’s payment business in Thailand by providing efficient end-to-end payment solutions and features, which encourage a better checkout performance and promote seamless commerce experiences.\n\n“The pace of innovation in the fintech space is ramping up. This deal is a great strategic fit for us to be collaborating with financial institutions like Bank of Ayudhya and MUFG to build the infrastructure and tools which will help people and businesses live better financial lives,” said Jun Hasegawa, CEO & founder of Omise and OmiseGO.\n\n“As we set out the ground works and continue to build the platform which will facilitate the future of open payments and value exchange (OmiseGO network), we’re excited to leverage synergy of our partners and this new capital to continue to build our platform as well as scale our operations into countries across the Asia Pacific region.”\n\nFollowing its Series B round in 2016, this year Omise secured another US$25 million (RM105.17 million) through an ICO for its blockchain subsidiary, OmiseGO.\n\nOmise’s desire to pioneer practical tech innovation lead to the establishment of OmiseGO which is tasked at building the OmiseGO network, an Ethereum-based public blockchain that aims to enable financial service equity by radically decentralising value transfer and exchange.\n\n\nSource :  https://www.digitalnewsasia.com/startups/krungsri-finnovate-leads-latest-funding-round-omise",
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      "parent_permlink": "india",
      "author": "itzdatboi",
      "permlink": "bitcoin-has-become-popular-in-india-and-why-rbi-s-reserve-bank-of-india-version-of-it-will-never-work",
      "title": "Bitcoin has become popular in India – and why RBI’s ( Reserve Bank of India) version of it will never work",
      "body": "Bitcoin has become popular in India as well. Volumes of rupee trading in bitcoin have exploded this year – over 2,500 Indians trade bitcoins daily. Not coincidentally, demonetisation of 86% of Indian currency on November 8 triggered off an explosion of interest. Some estimates indicate that rupee-denominated bitcoin trades now generate the third-largest volumes after American dollar and yen.\n\nBitcoin has now been around for many years and its codes are open-source. But many people don’t understand how it works. \n\n\n![bitcoin-india.jpg](https://steemitimages.com/DQmSCjMuWZWCxUZMXVVYHfFtNBN9SvjMbbQhNR7CnLLFsZi/bitcoin-india.jpg)\n\nInternationally, bitcoins are traded on multiple financial exchanges and they’ve shot up in value over the last year. Most exchanges insist on some degree of “Know Your Customer” or KYC details, but there are loopholes. For example, the same person could own many wallets in which the coins are held.. It is possible to layer trades such that it is impossible to figure out who sold what, when. What’s more, the underlying reason for a trade is irrelevant – all that is known is that a coin has moved from one wallet to another.\n\nIn India, the Mumbai film industry seems to love bitcoin, given the number of celebrities who have burbled about it. But the Chinese crackdown and fears that India might see a similar crackdown have led to wild swings in rupee-values of bitcoin. The bitcoin was trading at Rs 3.01 lakh on September 1, it dropped to Rs 1.95 lakh on September 15 as panic took hold, and it is back to Rs 2.58 lakh on September 20.\n\n![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc=.jpg](https://steemitimages.com/DQmTMUKxriv6MTZBG7PzndpzohFrgeBq7GccbCTj5z5KtF9/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc%3D.jpg)\n\nWill the Reserve Bank of India try to regulate bitcoins and other crypto-currencies? Almost certainly. No government that imposes capital account currency controls can afford to ignore non-fiat currencies. Will the Indian government mess up attempts at regulation? Almost certainly. The RBI doesn’t have a shining track record in terms of its recent actions and it could fumble this task, for sure.\n\nIn fact, the RBI is supposedly considering setting up its own crypto-currency , which is a step in the wrong direction. Crypto-currencies work for people who want anonymity and who are seeking alternative stores of value. No fiat currency , crypto or not, can reasonably offer this combination.\n\nWhat’s more, crypto-currencies have features (and bugs) that fiat currencies don’t and that’s precisely why users love them. The blockchain system of generating an exact increase in money supply gives comfort to speculators. This eliminates worries about inflation caused by a sudden expansion of money supply by the central bank since there is no central bank and the money supply is governed by pure maths. This also makes fractional reserve banking cumbersome since currency swaps or exchanges are always required for such actions.",
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      "title": "Bitcoin has become popular in India – and why RBI’s ( Reserve Bank of India) version of it will never work",
      "body": "Bitcoin has become popular in India as well. Volumes of rupee trading in bitcoin have exploded this year – over 2,500 Indians trade bitcoins daily. Not coincidentally, demonetisation of 86% of Indian currency on November 8 triggered off an explosion of interest. Some estimates indicate that rupee-denominated bitcoin trades now generate the third-largest volumes after American dollar and yen.\n\nBitcoin has now been around for many years and its codes are open-source. But many people don’t understand how it works. \n\n\n![bitcoin-india.jpg](https://steemitimages.com/DQmSCjMuWZWCxUZMXVVYHfFtNBN9SvjMbbQhNR7CnLLFsZi/bitcoin-india.jpg)\n\nInternationally, bitcoins are traded on multiple financial exchanges and they’ve shot up in value over the last year. Most exchanges insist on some degree of “Know Your Customer” or KYC details, but there are loopholes. For example, the same person could own many wallets in which the coins are held.. It is possible to layer trades such that it is impossible to figure out who sold what, when. What’s more, the underlying reason for a trade is irrelevant – all that is known is that a coin has moved from one wallet to another.\n\nIn India, the Mumbai film industry seems to love bitcoin, given the number of celebrities who have burbled about it. But the Chinese crackdown and fears that India might see a similar crackdown have led to wild swings in rupee-values of bitcoin. The bitcoin was trading at Rs 3.01 lakh on September 1, it dropped to Rs 1.95 lakh on September 15 as panic took hold, and it is back to Rs 2.58 lakh on September 20.\n\n![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc=.jpg](https://steemitimages.com/DQmTMUKxriv6MTZBG7PzndpzohFrgeBq7GccbCTj5z5KtF9/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc%3D.jpg)\n\nWill the Reserve Bank of India try to regulate bitcoins and other crypto-currencies? Almost certainly. No government that imposes capital account currency controls can afford to ignore non-fiat currencies. Will the Indian government mess up attempts at regulation? Almost certainly. The RBI doesn’t have a shining track record in terms of its recent actions and it could fumble this task, for sure.\n\nIn fact, the RBI is supposedly considering setting up its own crypto-currency , which is a step in the wrong direction. Crypto-currencies work for people who want anonymity and who are seeking alternative stores of value. No fiat currency , crypto or not, can reasonably offer this combination.\n\nWhat’s more, crypto-currencies have features (and bugs) that fiat currencies don’t and that’s precisely why users love them. The blockchain system of generating an exact increase in money supply gives comfort to speculators. This eliminates worries about inflation caused by a sudden expansion of money supply by the central bank since there is no central bank and the money supply is governed by pure maths. This also makes fractional reserve banking cumbersome since currency swaps or exchanges are always required for such actions.",
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      "title": "Bitcoin has become popular in India – and why RBI’s ( Reserve Bank of India) version of it will never work",
      "body": "Bitcoin has become popular in India as well. Volumes of rupee trading in bitcoin have exploded this year – over 2,500 Indians trade bitcoins daily. Not coincidentally, demonetisation of 86% of Indian currency on November 8 triggered off an explosion of interest. Some estimates indicate that rupee-denominated bitcoin trades now generate the third-largest volumes after American dollar and yen.\n\nBitcoin has now been around for many years and its codes are open-source. But many people don’t understand how it works. \n\n\n![bitcoin-india.jpg](https://steemitimages.com/DQmSCjMuWZWCxUZMXVVYHfFtNBN9SvjMbbQhNR7CnLLFsZi/bitcoin-india.jpg)\n\nInternationally, bitcoins are traded on multiple financial exchanges and they’ve shot up in value over the last year. Most exchanges insist on some degree of “Know Your Customer” or KYC details, but there are loopholes. For example, the same person could own many wallets in which the coins are held.. It is possible to layer trades such that it is impossible to figure out who sold what, when. What’s more, the underlying reason for a trade is irrelevant – all that is known is that a coin has moved from one wallet to another.\n\nIn India, the Mumbai film industry seems to love bitcoin, given the number of celebrities who have burbled about it. But the Chinese crackdown and fears that India might see a similar crackdown have led to wild swings in rupee-values of bitcoin. The bitcoin was trading at Rs 3.01 lakh on September 1, it dropped to Rs 1.95 lakh on September 15 as panic took hold, and it is back to Rs 2.58 lakh on September 20.\n\n![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc=.jpg](https://steemitimages.com/DQmTMUKxriv6MTZBG7PzndpzohFrgeBq7GccbCTj5z5KtF9/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmVmMzk2MzAxZDY5YjIzNWMwMjM1MjdmNWE3OTliOS5qcGc%3D.jpg)\n\nWill the Reserve Bank of India try to regulate bitcoins and other crypto-currencies? Almost certainly. No government that imposes capital account currency controls can afford to ignore non-fiat currencies. Will the Indian government mess up attempts at regulation? Almost certainly. The RBI doesn’t have a shining track record in terms of its recent actions and it could fumble this task, for sure.\n\nIn fact, the RBI is supposedly considering setting up its own crypto-currency , which is a step in the wrong direction. Crypto-currencies work for people who want anonymity and who are seeking alternative stores of value. No fiat currency , crypto or not, can reasonably offer this combination.\n\nWhat’s more, crypto-currencies have features (and bugs) that fiat currencies don’t and that’s precisely why users love them. The blockchain system of generating an exact increase in money supply gives comfort to speculators. This eliminates worries about inflation caused by a sudden expansion of money supply by the central bank since there is no central bank and the money supply is governed by pure maths. This also makes fractional reserve banking cumbersome since currency swaps or exchanges are always required for such actions.",
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