2023-05-24 13:24:09
Recently, the SEC has announced the consideration of amendments to the technology standard of the KUB coin project and amendments to the adminTransfer in accordance with the order of the SEC Board
As earlier in November 2022, the Securities and Exchange Commission (SEC) revealed a resolution of the SEC to extend the time for Bitkub to coordinate with the issuer of the KUB coin to fix it. The technology standard of the KUB coin project and revised in part adminTransfer in conjunction with, scheduled to be completed within 30 days from the date of announcement.
Currently, according to the Securities and Exchange Commission (SEC) at its meeting No. 13/2022 on October 6, 2022, it resolved to order Bitkub Online Co., Ltd. (Bitkub) to amend the operation. that may cause damage to the public By coordinating with the KUB coin issuer to revise the technology standards of the KUB coin project and fix the part. adminTransfer To limit the systemic impact of the risk to KUB holders of digital assets from unauthorized access to such systems.
Taking into account technical solutions (by design) and minimizing the possibility of personnel intervention. Later, the SEC extended the action period for Bitkub according to the resolution of its meeting No. 15/2022 on November 10, 2022, and Bitkub amended and clarified the action to SEC Kor. sec.
The SEC Board at its meeting No. 9/2023 on May 11, 2023 reviewed the amendment and agreed with the SEC’s opinion that Bitkub made the amendment according to the order of the Board. Director of the SEC
KUB Coin Price
Shortly after the news of the correction of the KUB Coin came out, the popular KUB coin of Thai people made a slight increase in price at 52.90 baht before the current price dropped to around 52.82 baht, although the price had previously dropped continuously. under 52.00 baht only
However, before the correction was completed, Mr. Ton Sakolkon Srakavee, founder of Bitkub Online Co., Ltd. and Bitkub Blockchain Technology Co., Ltd, came out to clarify the issue via personal Facebook that
“The ‘Admin Transfer’ function is a good intention. And it’s the highlight of KAP-20 because we want to be the standard of a Thai chain that truly helps Thai people. We do this function just in case. Government agencies, police, if able to stop damage transactions And it is suitable for Thailand, suitable for mass adoption, suitable for companies with identity, public companies, if there is a problem, error, scammers, Rugpull, hack, we can help.
However, it seems that Bitkub has now fixed adminTransfer from KUB Coin, which makes us have to see if there are any errors in the future, Bitkub will have a way to fix these problems.
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