Seven Cryptocurrency Companies Approved to Legally Operate in Thailand

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Thailand’s Securities and Exchange Commission (SEC) announced it has approved seven cryptocurrency exchanges to continue doing business in the country.

The approval means the companies are allowed to start their business operations in the country, although a full license will only be issued within 90 days post-announcement.

The companies approved includes, Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd, Coins TH Co. Ltd. and Digital Coin Co. Ltd. (ThaiWM).

The Thai SEC is also in the process of reviewing applications from two cryptocurrency dealers: Coins TH Co. Ltd. and Thai WebMoney.

The Secretary-General of the SEC commented stating: Investing in high-risk digital assets Those who are interested in investing must be knowledgeable and can take the risk of losing money.  And in the case of people to persuade to invest. Investors should check whether the business is listed as listed by the SEC.

This move by the Thai SEC seems to be a sign the country’s government is ready to accept cryptocurrency as a viable financial tool, but this has not always been the case.

Read More: https://news.bitzamp.com/seven-cryptocurrency-companies-approved-to-legally-operate-in-thailand/