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Thailand emerging as a regional blockchain leader

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While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency.

Tech Crunch says this is just one of numerous examples how Thailand has emerged as one the most interesting cryptocurrency and blockchain countries in Southeast Asia during 2018.

The Thai government has become increasingly welcoming of cryptocurrency projects and exchanges. In just a few months, Thai regulators have made progress, from setting up cryptocurrency company licenses to permitting exchanges and ICOs.

The crypto momentum will likely continue in Thailand, and more announcements and developments should come in the second half of the year.

In June, Thailand’s government legalised seven cryptocurrencies (Bitcoin, Ethereum, Bitcoin cash, Ethereum classic, Litecoin, Ripple, and Stellar). It has also permitted a limited number of cryptocurrency exchanges and broker-dealers to apply for operating licenses. Then in July, the Thailand SEC permitted additional digital token issuers to file for applications. In the same month, the securities regulator categorised ICOs into three types: investment tokens, utility tokens, and cryptocurrency.

Read the rest of this analysis by Tech Crunch HERE.

 

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