Thailand: 20 Companies Have Applied for Crypto Exchange Licenses

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Thailand: 20 Companies Have Applied for Crypto Exchange Licenses

 

 

Following a new licensing system for the cryptocurrency sector in July, Thailand’s Securities and Exchange Commission (SEC) has fielded nearly two dozen applicants looking to operate domestic cryptocurrency exchanges.

 

Thailand SEC secretary-general Rapee Sucharitakul has revealed that as many as 20 companies have applied for licenses to operate cryptocurrency exchanges within a month after a new regulatory licensing framework for ICOs and the wider crypto sector came into effect, on July 16.

 

As reported by the Bangkok Post on Thursday, the senior SEC official confirmed that license approvals are currently “being processed”, adding: “Many companies interested in opening digital asset exchanges have said digital assets and cryptocurrency trading in the Thai market are quite active.”

 

Full story: https://www.ccn.com/thailand-20-companies-have-applied-for-crypto-exchange-licenses/

 

-- CCN 2018-2018-08-10

[Allen Smith]

Interesting news...let us see who bag the license

[Monomial]

49 minutes ago, Allen Smith said:

Interesting news...let us see who bag the license

 

The reality is there is very little chance of anyone getting a license within at least the next 6 months. Companies asking for a license, and the SEC having procedures to actually issue a license, are 2 entirely different things.