cryptocurrency news | The Stock Exchange of Thailand Registers For an Official Cryptocurrency License


At present, Thailand is one of the main cryptocurrency players in the Southeast Asia region, while other countries such as Malaysia still doubt whether or not to legalize cryptocurrency. Whereas Thailand, Singapore, and Hong Kong continue to take the lead in making legalities and other regulations regarding Cryptocurrency.

According to the media, Bangkok reported that the Thai Stock Exchange would submit a request to the Treasury to get a currency license cryptology so they could become an official Cryptocurrency exchange.


The Chair of the Securities Companies Association and the deputy chairman of the Stock Exchange's governing board, Pattera Dilokrungthirapop, told the Bangkok Post that:

"We are in a hurry to enter the digital asset trade because some companies are still managing their core businesses where brokers can adjust their trading platforms to digital trading. This is waiting for the Thai Stock Exchange for a license because investors better understand this asset class. "

One reason why the Thai Stock Exchange has been applied to a cryptocurrency license in the short term is to help exchange members who want to become cryptocurrency brokers and dealers. In addition, they also think of long-term plans to organize their own crypto exchanges. If they succeed, they will become a stock exchange that separates their shares and exchanges into two separate entities.


The Thailand Stock Exchange is currently the top position to become a big crypto trader in Thailand if their plans are realized. However, some of the cryptocurrency companies in Thailand believe that the Thai Stock Exchange still lacks experience compared to existing crypto exchanges in Thailand such as the Bitkub Exchange and the BXB Exchange.


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cryptocurrency news | The Stock Exchange of Thailand Registers For an Official Cryptocurrency License cryptocurrency news | The Stock Exchange of Thailand Registers For an Official Cryptocurrency License Reviewed by sheffter on April 20, 2019 Rating: 5

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