The Securities and Exchange Commission of Thailand has granted crypto-related business licenses to four applicants, the official announcement states.
The watchdog granted three crypto exchanges — Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd., and Satang Corporation — and one crypto-focused broker & dealer Coins TH Co., Ltd.
However, the watchdog also rejected two other applicants from Cash2coin Co., Ltd and Southeast Asia Digital Exchange Co., Ltd., since they failed to meet the approval criteria.
Earlier, Thailand Central Bank, Bank of Thailand (BoT), claimed that it was testing the government-based digital currency as a means of payment among financial institutions in the country, aiming to launch the transactions in 2019.
Moreover, Thailand may use blockchain tech for elections. According to the National Electronics and Computer Technology Center, as soon as 5G technology is adopted, all voters will be connected to the blockchain-based election network
Read more at https://ihodl.com/topnews/2019-01-05/thailand-may-use-blockchain-elections/
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