The Thai Securities and Exchange Commission (SEC) has announced a list of 4 cryptocurrencies officially authorized for use. This writes altstake.io with reference to the regulator.
All of these cryptocurrencies can be used to invest in ICO. Also as a base currency in trading pairs.
The choice was based on such factors as “sufficient market liquidity” and “well-designed blockchain”.
“Four cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Ripple (XPR) and Stellar (XLM). They can now trade, “- said in a statement.
But this does not make them legal tender. Therefore, they can not pay for goods or services.
Three cryptocurrency exchanges and one broker obtained licenses in Thailand.
The three approved exchanges are Bitcoin Exchange (Bx), Bitkub Online (Bitkub) and Satang Corporation (Satang Pro). The only approved broker is Coins Th Co. Ltd.