17 May Thailand Sticks by its Cryptocurrency Commitment
The world is facing a great deal of uncertainty in the light of the coronavirus pandemic. But against that background, Thailand is continuing to show its support for cryptocurrencies.
As the virus was continuing its spread across the globe in early March, the country saw the full launch of Huobi. The exchange gives full fiat access to currencies including Bitcoin, Ethereum and Huobi Token. It received its Digital Assets Licence in 2019. More recently, it received full clearance to operate from the Securities and Exchange Commission.
This is fully in line with the country’s commitment to cryptocurrencies in general. In fact, it’s one of relatively few countries in the world in which they have been officially recognized. The reason for this interest is simple. The authorities believe that cryptocurrency businesses may contribute greatly to the economy by offering future employment opportunities.
However, despite the launch, many people are advising caution. Already volatile,…