Thailand: 4 of 7 Cryptocurrency Exchanges Licensed!

Thailand Securities and Exchange Commission (SEC) stated that 7 cryptocurrency exchanges applied for an official license in the past 2018, and that only 4 of 7 cryptocurrency exchange license applications were allowed today, and that 4 crypto money exchanges that were licensed in a short time. It has announced that they will be allowed to officially start business transactions in Thailand. It has been announced that 3 crypto money exchanges, other than the 4 crypto money exchanges that have licensed, could not get an official license for various reasons, and 3 crypto money exchanges that could not get a license would not be able to provide services until they received an official license in Thailand.

It is obligatory to obtain an official license in the country.

Thailand Securities and Exchange Commission (SEC) states that crypto exchanges in the country have to be officially licensed, otherwise they are not licensed and want to provide services on all illegal cryptocurrency exchanges, including foreign cryptocurrency exchanges. explains that they will apply criminal proceedings. In the country, investors believe that it is necessary for economic security to consider investors when licensing for cryptocurrency exchanges and not responding positively to every license application.