BT Money Hacks Ep 98: How to start a crypto or blockchain-based business

10:14 min

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.

This week’s episode looks at what it takes to start a crypto or blockchain-based business. Understand the foundational technology of crypto in this episode, which is brought to you by Withers KhattarWong.

BT’s digital editor Chris Lim hosts Pang Xue Kai, co-founder of Tokocrypto, a cryptocurrency exchange based in Indonesia.

He explains the following:

  1. What were the key challenges when starting a cryptocurrency exchange? (1:12)

  2. Key challenges faced when starting Tokocrypto in Indonesia, and common challenges overseas (2:10)

  3. Being compliant or even overly compliant, to legitimise a crypto exchange and make it mainstream with formative legal regulations (2:42)

  4. Key factors you need to know to start a crypto or blockchain-based business in emerging markets (5:05)

  5. Relating better to the local people of that market: In Indonesia, how showing that cryptocurrencies has characteristics similar to “digital gold” worked (5:38) 

  6. Six steps of advice for listeners looking to start a cryptocurrency exchange or crypto-based business (7:35)

Withers Worldwide

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee and Hadyu Rahim

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Channel: http://bt.sg/btmoneyhacks

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