Thailand 50 ico's and 20 Crypto Exchanges apply licenses

According to a news report on 8th August, the secretary-general of the Securities and Exchange Commission (SEC), Rapee Sucharitakul mentioned the total of 20 crypto exchanges have already appealed for licenses.

Thai SEC also says they have seen grown interests in licenses to work for initial coin offerings (ICOs) after the announcement by the Finance Ministry to introduce ICO regulations. On 16th July, the wider cryptocurrency sector was ready to charge in as within a month news regulatory licensing framework for ICO’s came into effect.

Backing a renewal licensing system for the cryptocurrency in July, Securities and Exchange Commission (SEC) in Thailand has retrieved almost two dozen applicants seeking to run the domestic cryptocurrency exchanges.

The Bangkok Post reports say that the senior SEC official affirmed that approvals of the license are currently “in process”, adding:

Many companies interested in opening digital asset exchanges have said digital assets and cryptocurrency trading in the Thai market are quite active.

Also read: Bittrex to Launch Ethereum Classic, Ripple with New USD Trading Pairs | Opera to Launch Its Desktop Browser with Built-in Cryptocurrency Wallet