Thailand Is Slowly Warming Up to Crypto, Gives Green Light to Seven Exchanges

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Fri, 08/17/2018 - 20:19
Alex Dovbnya
Thailand is slowly but steadily making progress towards legally recognizing digital assets by approving seven crypto companies. No restrictions will be applied to them
Cover image via U.Today

Thailand is slowly but steadily making progress towards legally recognizing digital assets by approving seven crypto-oriented companies. According to the Thai SEC official statement, no restrictions will be applied to seven cryptocurrency exchanges while they are still under review. This decision signifies the country’s recent regulatory efforts that are aimed at accepting cryptocurrencies as viable financial assets.

Apart from that, Thailand’s SEC has also come up with clear regulations for ICOs, but so far only a handful of projects have managed to comply with them.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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