With Landmark Announcement, Thailand Issues Licenses to Four Digital Asset Exchanges

January 10, 2019

BANGKOK, January 9, 2019 – Thailand’s Ministry of Finance officially approved four digital asset exchange licenses, following the recommendation of the Securities and Exchange Commission (SEC). This follows the Digital Asset Business Law last May, which made it mandatory for the exchanges to apply for a license.

The approved digital asset exchanges are Satang Corporation Co Ltd (satang.pro), Bitcoin Co (bx.in.th) and Bitkub Online Co Ltd (bitkub.com). A fourth company, Coins TH Co Ltd (coins.co.th) has been approved as a licensed broker and dealer of cryptocurrencies.  

Two other exchanges had their applications rejected, but they are welcome to re-apply again provided they meet certain operational and security standards. Another exchange is still awaiting approval after having undergone significant management changes recently.

Last year’s Digital Asset Business Law also provided rules for ICOs to be conducted via a SEC-approved ICO portal. While the SEC previously said that an ICO portal was likely to be certified in November last year, technological constraints have since delayed these plans to early 2019.

 

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Facebook: https://www.facebook.com/asiablockchainreview/

Twitter: @abr_blockchain

Related Article
Iran’s Power Grid Struck by Crypto Mining Surge
Token mining activity in Iran is causing an energy consumption spike that is forcing the government ...

July 16, 2019

Thai Dental Clinic Accepts Payments in Electroneum (ETN)
A dental clinic in Thailand recently accepted payment in Electroneum tokens, in a sign of wider adop...

July 16, 2019

Malaysia’s VisionBanker Aims to Transform Eye Care via Blockchain Technology
The company is using facial recognition and distributed ledger technology to allow users to store ey...

July 16, 2019

Hong Kong Insurer Launches Blockchain-Based Solution to Process Claims
Blue Cross has become the first insurer in Hong Kong to employ blockchain technology to streamline i...

July 15, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us