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

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.