Crypto companies rush to apply for licenses in Thailand

Asia Thailand

Just a week after Thailand’s new licensing system for companies from the digital assets sector went live, 20 crypto exchanges have already applied for licenses.  

The news comes from Rapee Sucharitakul the secretary-general of the Thailand Securities and Exchange Commission (SEC) who revealed the number of applicants to the Bangkok Post. He also said that approximately 50 ICOs have applied for licenses in addition to three companies which applied to become so-called “ICO portals”.

“Many companies interested in opening digital asset exchanges have said digital assets and cryptocurrency trading in the Thai market are quite active,” said the secretary-general.

About the author

Mark Knowles

Mark Knowles

Coinlaw Multi-Jurisdiction Blockchain News
Mark Knowles is the Executive Editor of coinlaw.io
With more than a decade of experience as a journalist and editor, Mark has now turned his focus to the blockchain and cryptocurrency revolution that is currently reshaping the global economy. As Executive Editor at Coinlaw Mark is working to create a website that is a hub for the international crypto community to find the latest legal news, legislative changes and expert opinion from across the industry. Contact him at [email protected] or through mobile on +66 (0) 98 705 2716.

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