Thai SEC clears seven cryptocurrency operators to serve clients, reviews two more
Thai regulators announced on Thursday, August 16 that they still approved seven business entities for carrying out operations with crypto-currencies in the framework of the formalization of the country's domestic market.
The statement of the Securities and Exchange Commission of Thailand (Thai SEC) is confirmed by Bitcoin Co. Limited. (BX), Bitkub Online Co., Ltd. Limited, Cash2coins Co. Limited, Group Co. Limited. (TDAX), and Coin Asset Co. Limited. could work as legal crypto-exchange exchanges.
In addition, the regulator approved two crypto-currency dealers: Coins TH Co. Limited. and Digital Coin Co. Limited. (ThaiWM).
This step is part of the package of "transitional" rules governing crypto business, operating in Thailand until the first tranche of the rules, which came into force on May 14.
"In addition, the SEC is currently reviewing the data of two other digital asset operators who have filed an application in accordance with transitional provisions," the statement said.
Last week, the SEC also showed great interest from potential issuers of the original coin offer (ICO) to apply for a regulated status in Thailand.
Exit forward, the regulator previously described conditions must be met in order to be considered for approval of more than 50 projects. However, as of June, only five applicants had complied with these requirements.