THE CATALYST FOR THE BIRTH OF HYBRID I-DIGITAL ASSET EXCHANGE (HiDAEX)
The IMF published a report on Lao PDR in February 2017 which concluded that in order to support more inclusive and broad-based growth the Lao PDR government should execute further reforms aimed at diversifying the economy, boosting private sector activity and improving the business climate. Furthermore, trade integration and improvements in education and health infrastructure should be also be implemented. Enhancing financial deepening and financial access by small and medium-sized enterprises would support macro stability and growth.
The main policy recommendations of the report centered around policies which focus on increasing buffers, preparing for exchange rate flexibility in the medium-term and addressing structural constraints to boost medium-term growth. Among the policies addressed were:
1.0 Developing local money, foreign exchange and government debt markets to support the implementation of an active monetary policy framework, and developing the institutional framework for monetary policy, allowing for increasing exchange rate flexibility in the medium term. Affording limited flexibility in the short-term will support the accumulation of reserves, foreign exchange market development and risk management.
2.0 Addressing constraints in the ease of doing business, upgrading human capital and financial inclusion will help support diversification, competitiveness and more inclusive growth.
The purpose of establishing the Hybrid i-Digital Asset Exchange (HIDAEX) is in line with the recommendations of the 2017 IMF report cited above especially in supporting policy (1). HIDAEX is a blockchain enabled digital exchange capable of integrating digital assets, fiat-based investment instruments as well as cryptocurrencies on a single platform.
The HIDAEX blockchain-enabled digital exchange platform will not only create greater liquidity but also deepen the extent of the capital market. This planned digital transformation through the HIDAEX will ensure long-term productivity and profitability across all sectors and industries in SaSEZ and ultimately Lao PDR.
Despite the attempts by a few federal authorities from some countries to embed regulatory aspects in the blockchain, it is still preliminary at the moment. SaSez, however, with its autonomous authority, however, is not bound with the international regulatory requirements proposed. With its HIDAEX in place, SaSEZ would be able to diversify and boost private sector activity while at the same time revamping a business culture capable of safeguarding against external financial shocks.
Trust is the foundation of any financial system, but it is a fragile foundation that can easily be shaken. Responding to the needs of the present the SaSez HIDAEX aims to be resilient against a backdrop of enhanced global stringent regulatory framework. The HIDAEX once implemented will maintain a developed forward-looking regulatory framework of flexibility and creativity coupled with new expertise. Its Fintech offerings would include stable ledger technology enabling faster and cheaper transactions, from trading securities to the transfer of funds as well as automatically executed smart contracts.
It is out of this plan that the idea of Laos International Financial Exchange (LIFE) was proposed to the Savan-Seno Special Economic Zone Authority (SaSEZ), and approved in principle, largely to promote and engage the private sector, both domestic and foreign, in expanding and deepening the financial capability not only of the region specifically but also from a national perspective.
LIFE will be stylized as a super commission overseeing any or all exchanges within the financial infrastructure of LIFE.
Hybrid i-Digital Assets Exchange (HiDAEX)
HiDAEX is a hybrid digital asset exchange, which will bridge both conventional, and non-convential exchanges, all of which will be using blockchain connected, into a single exchange. It is meant to allow and ease the connectivity between the existing conventional and non-conventional exchanges with promise of greater liquidity in both markets.
HiDAEX is a financial infrastructure that utilizes the blockchain and hyperledger technology.
HiDAEX provide better access to trader’s capital thus creating more liquidity via the Fintech Revolution and also as the backbone for both non-conventional as well as the conventional exchanges or markets.
HiDAEX is a digital hybrid, digital asset exchange, through which all the other conventional and non-conventional exchanges will be connected.
HiDAEX will enable you to trade major digital assets (dgta), available in both crypto-crypto and crypto-fiat pairs. As we keep developing our exchange, traders will also be able to spot trade more kinds of crypto tokens as well as increased number of pairs.
One of the most important aspects to be considered while designing an exchange is the issue of managing liquidity. While coming up with the idea of HiDAEX, we put in considerable thought in deciding the best way forward for the management of liquidity on our exchange and designed our ecosystem to reflect these considerations.
HiDAEX ensures complete security and compliance by implementing XXX™ Cold wallet management, XXX™ & many more advanced features.
For more info, please visit https://isavan.io