Thailand Extends its List of Approved Crypto
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March 1, 2019
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Thailand's regulator, the Securities and Exchange Commission (SEC) of Thailand, has just expanded its list of cryptocurrencies allowed for ICOs and trading in the country.

The only approved crypto so far were Ethereum, Bitcoin, Ripple and Stellar. However, the updated list now includes 7 crypto in total: the above-mentioned as well as the newly added Ethereum Classic, Litecoin and Bitcoin Cash.

Nevertheless, the regulator has clarified that the approval of any crypto does not make these coins legal tender.

The local newspaper Bangkok Post has described the criteria followed by the regulator to include (or not) new crypto on its list: "They shall have sufficient market liquidity, a well-designed decentralised system and being able to use in a trading pair with other cryptocurrencies".

Why it is important

  • Thailand has been pretty active recently in terms of crypto. For example, the SEC revealed new ICO regulations in July. And the Bank of Thailand announced in November its plans to launch a CBDC.

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