RATE Group | Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More
38999
post-template-default,single,single-post,postid-38999,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

16 Aug Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

Posted at 11:32h in Cryptocurrency News by

[ad_1]

Thai regulators announced Thursday, August 16, that they have so far approved seven business entities to conduct cryptocurrency operations as part of the formalization of the country’s domestic market.

In a statement, Thailand’s Securities and Exchange Commission (Thai SEC) confirmed Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd. were able to operate as legal cryptocurrency exchanges.

In addition, the regulator approved two cryptocurrency dealers: Coins TH Co. Ltd. and Digital Coin Co. Ltd. (ThaiWM).

The move forms part of a package of “transitional” rules governing crypto businesses operating in Thailand prior to the first tranche of regulations that came into force May 14.

As Cointelegraph reported, those entities continue serving customers while applying and waiting for a full license by notifying the Thai SEC within 90 days of the May deadline.

“In addition, the SEC is currently reviewing the data of…

[ad_2]

Source link

Tags:
, , , , , , ,