Thailand Unveils Details of Crypto Regulations, Legalizing 7 Cryptocurrencies

The Securities and Exchange Commission (SEC) will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

All market participants, including ICO issuers, digital exchanges, brokers and dealers involved with digital asset transactions, are required to register with the SEC within 90 days of the effective date…The participants must also receive the Finance Ministry’s approval to conduct digital asset business.


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