WHY LAOS?
Savan came into existence on the Decrees of the Prime Minister No.148/PM, date 29 September 2003. The LAOS (PDR) Government issued the Investment License No. 003/PM/SEZA on 21st February 2008 (Economic Free Trade Zone/Offshore).
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The HUB enables an ecosystem that encompasses the entire infrastructure, organizations and people within the hub, as well as how those elements are organized and engaged with each other in harmony.
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Savan Acts As A Fintech Blockchain Hub
A chain of disruptive technologies in the financial services industry that advances in exponential technologies & new business models creating transparent, reliable, faster, secured & more engaging solutions.
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(5) Reliability, scale-ability, modular, and high accessibility of HiDAEX.
(6) Enhance the economic positioning as the market leader of the new age financial and digital economy.
(7) Create both market and job opportunity to the local.
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(3) Financial institutions will be able to track deals & transactions. All settlement can be monitored in and out of the country.
(4) To promote the first government regulated end to end fully integrated platform.
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THE BIGGER PERSPECTIVE
(1) Establish transparency and accountability in the digital world for a stable, trustworthy and reliable environment.
(2) The exchange regulator will only allow qualified investors to trade (avoid money laundering operations).
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Value Proposition of L.I.F.E. and HiDAEX
The very First Regional International Financial Gateway that serves as the backbone of the L.I.F.E, to route all transactions at a single hub that acts as cross-financial clearing and settlement system.
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What does Laos International Financial Exchange (LIFE) offers?
(1) Flexibility in mobilizing funds or foreign currency transactions with minimal cost.
(2) Beneficial tax structure attracts Financial Institutional, Insurance and Fund Managers.
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The third component for the Savan Project is the SVAN; the digitized medium of exchange for the HiDAEX, LIFE and Savan Eco-City. The SVAN will be the common denominator for exchange in the SAVAN Ecosystem.
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The blueprint of the future of work, life and leisure. A real investment is much more than just analytics, balance sheets or bricks and mortar; we consider integration and inter-connectivity where state-of-the-art meets Eco-consciousness.
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Savan eCo City (SeCC) is planned from from ground-up to be one of the most progressive special economic zones of the world. Bold yet pragmatic, the city is poised to become the next ASEAN financial epicenter.
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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.
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The HIDAEX blockchain-enabled digital exchange platform will not only create greater liquidity but also deepen the extent of the capital market of the Lao DPR.
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HIDAEX is a blockchain enabled digital exchange capable of integrating digital assets, fiat-based investment instruments as well as cryptocurrencies on a single platform.
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The purpose of establishing the Hybrid i-Digital Asset Exchange (HIDAEX) is in line with the recommendations of the 2017 IMF report cited before especially in supporting policy number 1.0 (stated in the previous post).
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Among the policies: 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.
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The main policy recommendations of the report centered around policies that focus on increasing buffers, preparing for exchange rate flexibility in the medium-term and addressing structural constraints to boost medium-term growth.
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HiDAEX is needed due to the February 2017 IMF report: In order to support more inclusive and broad-based growth the Lao PDR government should execute further reforms aimed at diversifying the economy and improving the business climate.
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Hello Monday Blues!
HiDAEX is a hybrid digital asset exchange, which will bridge both conventional, and nonconventional exchanges, all of which will be using blockchain connected, into a single exchange.
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