Thailand SEC Approves Seven Cryptocurrency Companies

Thailand SEC Approves Seven Cryptocurrency Companies
ICO News

The Thailand government regulators announced on August 16th, 2018 that they have approved seven addition businesses to conduct cryptocurrency operations in the country.

The Securities and Exchange Commission (SEC) of Thailand has officially granted approval to the following companies for operations:

Cryptocurrency Exchanges

  1. Bitcoin Co. Ltd. (BX)
  2. Bitkub Online Co. Ltd.
  3. Cash2coins Co. Ltd. (TDAX)
  4. Coin Asset Co. Ltd.

Cryptocurrency Dealers:

  1. Coins TH Co. Ltd.
  2. Digital Coin Co. Ltd. 

Notably, this announcement comes after the SEC cleared the air on cryptocurrency regulation in Thailand. The new regulations were favorable to allowing the trade and issuance of cryptocurrencies in the country, effective from May 14th, 2018.

Companies were asked to file an approval request from the SEC following which the government body had 90 days to approve or reject the petition.

This past week, the Thailand government also showed interest in regulating and allowing Initial Coin Offerings (ICOs).

At the time of writing this news, more than 50 projects have come forward. It’s a great news for potential investors as an increasing number of countries are coming on board to cryptocurrencies.

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