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There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.

Those regulation just want to control over the decentralization of cryptos. I had a bad impact throughout the market and still making it bad even now.

I think it is popular already that OmiseGO and Power have partnerships in Thailand. That didn't mean that they are also tradeable in their exchanges or those partnerships have nothing to do with the Thai government? Sometimes I can understand ICO regulations due to some scams and it is way better than ban.

if a country only limit 7 coins only, then the value of the coin will surely rise, but if only 7 coins in legalkan, how about the other coin? with these restrictions will instead create a lack of innovation and creativity, going forward because of restrictions on restrictions it will create a setback and saturation because there are only 7 such coins

The never ending issue of Regulation on crypto currency, well, its a good news that some crypto currency was accepted  in Thailand, it just show that the future of crypto currency is getting more visible in the market treed. the growing acceptance of crypto currency in the trading market indicate that people or business traders already embraced the that Bitcoin  and other crypto will be in the future use. Yes, some issue on regulation still hanged in the hand of financial institution by the government.

Hehe we cannot blame them for that, but to think that they are already making their move into accepting crypto is not a bad idea, although i have some bad feelings towards this actions but still it is a stepping stone for crypto to advance to the future.

Good to hear this thing despite of a dumping market there will always be a good news. I think Thailand is trying to be first country in ASEAN who will legalized cryptocurrency and make a regulations about the ICO’s. A great move to improved their economy and I hope my own country will do the same thing or even better.

It is really good for the Thailand economic development because seven legalised cryptocurrency is enough for that country because population is little less in that country. so we can use few promising coin it is useful in everyday but many potential coins are pay for the license in future it is benefit for investors and few peoples are against in regulations.

i think it is a good start but i would love to see a lot more restrictions on ICOs than just a fee and a license. they need to come down on ICOs and do it hard and other countries must follow. unfortunately in this decentralized market people have proven that they can not get rid of the nasty ICO disease themselves so the government step-in is a good thing in this case.

Those kind of regulations are oy for the trading I think so it may not affect for the people who holding the cryptos in long term.But it maybe helpful for the people to invest on those cryptos without any fear so it may increase the adoption rate but no one can control the Cryptos to be used as cryptos.

If more countries follow the same trend, regulations and a crackdown on ICOs, then it's obvious that in the long-term the cryptocurrency market (not just those 7 coins) can experience a surge in the prices, mainly because institutional investors could finally invest in cryptos on a large scale given how there'll be a a regulatory framework on the market. But in the short-term, I doubt we'll see those coins going up in value, it's going to take a while before we get rid of the bearish sentiment.

On digital market regulations mean nothing.
That's so easy to get in another juridiction.

If you're annoyed by your country regulation you just have to buy a vpn for 10$ and you can completely ignore it.
Any regulation on digital asset is a joke.

The license Fee for the ICOs will not stop all scam ICOs, but it will make it costly for these fly-by-night scam ICOs to pop up

 like mushrooms. They should not make it too expensive, because it will create a barrier to entry for the less fortunate ICO

projects to enter the scene. These people use ICOs, because they need money for their projects and if they make it too

expensive, these ICOs and innovative projects will never see the light of day. We saw what happened with the BitLicense in

New York.  >:(  

Regulations are not made as they like cryptocurrencies or find the technology useful, there must be a regulations to provide certainty for all.

I have no reason to oppose regulation in these investments that are probably not even decentralised. So yeah, I'd say that overall, it's a positive move. Nothing has probably changed intrinsically as to how people go about trading crypto/investing in crypto, but it legitimises the act of doing so in Thailand and provides frameworks for companies to start up.

I really don't get why they would only allow citizens to purchase these investment tokens with other cryptos like BTC, and not allow them to purchase them directly with fiat. That doesn't make sense to me. I mean, it just means that people who are investing need to take one extra step in purchasing tokens...

The licensing thing is obviously needed, and has been done in other countries way before Thailand. Hopefully it won't be something too much of a hassle. Some level of competition is needed between exchanges in the from of new exchanges.

Yes that is right, it will be a good improvement if Thailand will legalize bitcoin, I think that it will bring a very effect on bitcoin status, and i am sure that some other countries will follow them and they will also legalize bitcoin in their country. I think that all the countries of the world will legalize bitcoin but it will take some more time.

What if they broaden there list and eliminate the low support and activities ICO? That will much fair than just using just 7 coins.
Though it is a good choice of coins but what is there conditions in choosing those 7?
How are they regulating it when exchange is all over the internet and there is a lot of them?

   Regulation and legalization of cryptocurrency in one country will lead to government control the decentralization of cryptocurrency. It has a good and negative effect to all cryptonians but for me it is much better than to ban cryptocurrency. Atleast if crypto become legal and there is a regulation to follow,people will not hesitate and have no fear to use and work on crypto. The only sad you need to follow the rules and pay some tax.

Accepting the top 7 crypto currencies for a legitimate payment unit will positively affect the economy of Thailand. Developed countries should take an example from the Thai government.

I've been reading a lot about the history of Bitcoin, and it was supposed to be decentralized, not controlled by anyone. I guess technically you can kind of do that, just sucks that the governments are getting involved.

woww, only 7 coins are traded ?? means there are not many options there, I am very confident that only 7 coins will be worth the coin coins will increase, and hopefully other countries can enforce the same thing as done in Thailand, so coins will always be increased, not even a decline

verify the space for megalisasikan that applied to the crypto currency by the government of course the government will make a rule that must be run by every user crypto. I think it would be great for the growth of crypto currency because of the growing demand for crypto currencies so as to increase the price of crypto.

I don't think this regulation is mature or completely developed.

The criteria which determines if a crypto currency is legal / illegal should be published and explicitly available to the public to create oversight and accountability in the verification process and help ensure fairness in bar to entry where crypto markets are somewhat equally open to small players as well as big ones. An example of this could be some crypto currencies paying money to be listed on exchanges. This format works "ok" for larger currencies which have more capital to burn. But is not necessarily for smaller investments which represent moreso the smaller business aspect of things.

Part of crypto's success revolves around catering to the unbanked and financially unsupported demographics. For that success and growth to continue those demographics must continue to be supported.

Its still new regulation and i do think it will developing as time goes by. I do think regulation could bring good things and bad things to cryptocurrency at the same time. Good thing it might make investing in crypto become legal and it will attract more investors in and the bad things is it would make investing in crypto become much harder. For example in south korea i read a news about cash out the cryptocurrency into fiat is really hard. here the news : https://news.bitcoin.com/south-korea-cash-out-state-owned-cryptocurrency/

i think the regulation does not make it difficult, but it is constrained by the regulations that are made. provided that according to the procedure I think it will be easier to transact. and this will reduce the scam ico to make investors feel safe

Regulations of ICO's is pretty fair between investors and the team. It is because of the fact that safety in this cryptocurrency industry is the most important part for us. As a bounty hunter or an investor we cannot assure that our money, time and effort poured in a specific project is safe or worth it. There are a lot of projects that turns out to be a scam which leaves bounty hunters unpaid and investors loss their money. Yeah I agree that there is a possibility that prices of those coins might go up in the coming months if other countries will be adopting what had Thailand did.

If the government decided to support these cryptocurrencies, even if it's a small country chances are it will be highly demanded in the market.

Although I get the sentiments of some users as it defeats the purpose of crypto's of having no central body.

No government yet has openly regulated crypto's, so we can't have basis of comparison if it should be regulated or not.

Legalization of the cryptos is a good step for the coins to head towards being a mainstream currency. This will allow the coins to get more widely accepted in the financial market. However, regulation of the cryptos will lead to a bad impact as the coins are famous for their decentralised nature and the fact that they are flexible and not bound to any rules and regulations by any currency. This makes the coin corruption free and also reduce an individual's dependance on banks.

Already these arrangements are bitcoin evolutions that will return to life. Otherwise, the situation we are already in is getting worse, and if we do not hear good news, we get lost in the market.

I think this is there way of avoiding money laundering schemes of their tax payers. Simply avoiding direct ICO sales from their own fiat currency will force their traders to use the allowed cryptocurrencies in their country. Another thing that I favor on what their doing is screening the  cryptocurrencies first before letting it be traded in their market. Unlike what other countries are doing right now where they are removing certain anonymity centered cryptos such as Monero and Zcash, this is what is happening to South Korea where they ordered their exchanges to pull out this coins from their platform.

Got the news as above, I do feel like moving to the country and free to use crypto to make various payments. The more countries that accept and legalize crypto it will be the better for the future and the increase in the price of crypto. But, why are there still many countries that do not think the same as Thailand? whether they do not see the potential of crypto for the advancement of the state whereas those countries will benefit greatly by accepting crypto as another option of payment method other than fiat currency.

This is a nice and good breakthrough for crypto. Where it takes its regulation to regulate crypto in a government or in a certain country. This will enable crypto to grow even if it is governed by a rule made by a country.

The regulation is very bad, there is no reason for you to invest on cryptocurrency if that rule will be implied forever, cryptocurrency are meant to use by different people in order for them to become very wealthy in the future by just investing and thailand should let their people to exchange cryptocurrency for cash.

I think cryptocurrencies market should be regulated and legalized because of the higher scamming level going on.  Many people have looses a fortune and by now we know that most of the icos are scams projects and the teams I not doing much to help investors but to run away with they investments.

Bitcoin and other cryptocurrency or tokens are hopefully be legal in Philippines cause here in Philippines many ofpeople us depending on cryptocurrency or bitcoin. Alt coins and blockchain technology. This is our last hope so we will all do anything to this dream came true. Someday Philippines wiill became a free country like united states of America.

Ethreum expects very big innovations in the coming months. EOS will soon have the first public release - in a year it will be the most popular blockbuster platform. The jumps in the bitcoin course are rather manipulation with the aim of cashing in on those who bought them for twenty thousand and now in fear merges into six

Without a doubt, if the cryptocurrencies start to be regulated by the state, this will only affect them in a positive way in the future. First of all, it will create the basic for use of cryptocurrencies instead of fiat money, and in the second the media will begin to fully reveal the advantages of cryptocurrencies, which in turn will increase the demand for them hundreds of times.

Well I actually think regulation is important, but I guess that not allowing ICOs to be traded with fiat is probably far reaching. Of course that the majority of scams come from ICOs, so I kind of understand what they want to do, but I'm sure there could be easier ways to protect it's citizens and at the same time, to allow for decent ICOs to get their necessary funding.

This is fair enough, and also this is wiser, than just to forbid Bitcoin along with all other cryptocurrencies, as some countries have already done... This country understands, that Crypto can be positive and beneficial for them!

I can't imagine why those coins aren't tradable anymore. Thus, such regulations making a way into having centralization of that certain coin in their countries which is not good. It surely people won't be happy such results, hope it could be change and other countries wont make such steps also. It is better no to regulated if only if that will be the outcome.

It is not all too surprising that Thailand is accepting cryptocurrency to help with their economy. I say that because Thailand is accepting of most things. But it is great for their country because it may also increase the numbers of their visitors and help boost their economy if people are looking to purchase with their coins.

well i think it just okey! if the govertment is involve we could assure that project are mostly legit... if govertment is into the cryptocurrency it would be great to protect us from any malicious people doing evil on this kind of system.

Cryptocurrency has changed the view of the financial world.If the government bans bitcoin it would be a big risk.But people find it hard to enforce restrictions.The cryptocurrency is widely spread in big business. And it will be difficult to recognize it as illegal and ban it.

Well the real deal with regulation is that some countries just want to control cryptocurrency because they see that cryptocurrency can be used for illegal activities. I can see the need for it in order to avoid crypto used especially in drugs and money laundering.

I think the regulation of cryptocurrency in Thailand is a good thing for crypto users in that country because they are now protected from fraud and scams. There are 7 cryptos that are legal in their country and it only shows that Thailand is slowly adapting crypto into their economy.

What will be the impact of these regulations will probably prove to be in a while. There is nothing wrong with the legalization of cryptocurrency. But whether the introduction of license fees for ICO and the ban on trade with fiat by ICO will reduce the number of frauds? We'll see.

The Thai government's actions have effectively protected the interests of many people who invest in cryptocurrencies!
These 7 legal cryptocurrencies are valuable applications.
The government's policy will increase the price of cryptocurrency!

Even the fact that seven main crypts are recognized as legitimate in Thailand is good. I am sure that over time, if this crypto currency will prove itself well, the list of allowed crypto currencies will increase. Therefore, for a start, this is very good. The process of legalizing crypto currency will take a relatively long time. After all, it is actually about money that is not controlled by the state.

Prospects for regulating crypto-currencies are certainly not encouraging, but there are pluses - the current mechanisms for protecting investors from unscrupulous ICO organizers are far from ideal, and there are no reliable ways to protect the investor's funds in the event of a project collapse. Regulation of the ICO solves this problem. I think that sooner or later we will come to regulating.

Its not bad to have legal 7 cryptocurrency in your country but it wasnt enough to make the prices of each to pump,but thats right about if many countries will follow what Thailand does surely price will go to moon as the people can legally trade this coins

And thats what im waiting that all this damn Scammers(Ico projects) will be regulated,if this happens i will invest again in every poject that comes to my taste

I believe that the general fears about the prospect of crypto-currency regulation are somewhat exaggerated. Regulation of crypto-currencies has a number of advantages for individuals and opens new opportunities for the development of the crypto-currency market. First and foremost, the advantage is safety. With the assistance of regulators, investors receive information about the owners of the resource and guarantee that in case of fraud, scammers will be prosecuted.

Countries should follow the example of Thailand for the regulations and legalization as far as it is not violating the sense of decentralization and they are not abusing the regulation, ICO needs to be restricted in some ways to avoid or to lessen those scammers that paint bad image towards the cryptocurrency, good thing they legalize some cryptocurrencies.

It is not really a regulation of some sort but its just an update regarding what Thailand might be doing with the crypto currencies which are elected by them. Now I dont understand one thing here at all, as to how they will regulate only few altcoins and will not do it for all of them? Its completely decentralised system and people still can use other currencies internally (Ex. on an exchanger) and thus convert miscellaneous coins into the so called legal coins. That just doesn't make any sense. Why they are imposing such partial regulatory bill here. Whats the use of it anyways.

I agree that generally people find it hard to enforce restrictions. Regulations and legalization of cryptocurrency are not just as easy like signing papers in a contract etc,.If cryptocurrency will be regulate and legalize it should consider the safety of all including investors.In my own opinion,its not that bad afterall rather it has the advantage.

Thailand has defiantly taken a positive step towards cryptocurrency, today they have declared 7 crypto currencies which can be legally traded. I believe this will help to boast these coins over the coming period of time, regulation for cryptocurrency is always a better option than banning them in the country. Countries are now realizing its potential and are aware of the fact that banning will only harm economy of their country wheres regulation may help them earn tax in some way or other.

Why are they just accepting these 7, they should have looked all the tokens that could do as well. If they choose 7 of the cryptocurrencies, its possible that they may add some more of it later. I think this is just the start. These 7 might just deprive the rest of the tokens. In general though it could help the crypto adoption.

I try to argue, I think bitcoin is personal and personal every user undergoes it, and this applies also to the regulatory state of the legality of crypto and of course each country each different content of the regulation, free but privacy hopefully useful and successful for all of us

The reason for regulation of crypto currency is to get some tax from the people.But it had some advantage too.The advantage is ,you can inverse in bitcoin without fear.Since it is legal one.The investors in that country will increase and it will increase the price of bitcoin.

Suggested page for this discussion: https://bitcointalk.org/index.php?board=74.0

Well I was just lucky that I was not living in Thailand as of today because this 7 coins will become the center of competition when it comes to coin investment in the other ICO token will be ignore.

If it is reallya regulation as well as legalization, why limit it on only seven cryptocurrencies? Good thing is less competition and price may rise continuously but how about innovation? Just thinking it would be fun to have more competition.

More competition? I think that one thing we are not lacking is competition. Or at least attempts to become competition, because if we actually look to most projects, they are nothing more than copies of other projects, and that doesn't necessarily classify them as competition.
Not saying that other projects should be deemed illegal, on the contrary. I do think everyone should be allowed to create it's own project, but I'm just saying they need to become better, and serve a real purpose.

I think that it would only encourage the usage of more cryptos and it's a great development from the stage when most of the countries earlier were in the idea of banning cryptos completely.

It will be a good thing if it happens, many people thinks that regulations and legalization of bitcoin or cryptocurrency will push it towards centralization but that's not true. With the present legalization, hopefully a solution to excessive ICO created will reduce, there will be a solution or penalty for all cryptocurrency hackers or thiefs.

Their regulation about ICOs is quite good so there can be no longer ICOs that are free to do it on their country.

This can't fully eliminate those ICOs that are not sincere with what they are working with but it can reduce the number of ICO generation as a whole.

Well, this is a good move by Thailand's government. Plus, this regulation of cryptocurrencies is acceptable and expected because they are the best coins on the market in terms of characteristics (Price, Market cap, Volume...) and it is certain that this is a good start from this country, and hope that the other governments will recognize the cryptocurrencies in the near future, and I am pretty sure that this will happen after some period,t is true that this is a difficult time due to the market in bad volatility. and there are many problems that led to this widespread decline in the majority of cryptcurrencies.

These are some pretty weird regulations. Why only 7 cryptocurrencies that are able to e traded against ICO tokens? I would like to see some of the logic behind why this particular decision is made, to be honest.

This doesn't really affect bitcoin itself much, since it's more about the regulation of these crypto tokens and securities than anything else.

Most countries already have pretty mature regulation in terms of bitcoin exchanges, by the way. These are not an issue at the moment. But a lot of the countries are actually only recently coming out with new regulations regarding the ICO tokens, which is exactly what Thailand is addressing here.

Regulations really help this market to be better because we all know most of the ICOs are just Scam and this moved by Thailand is really great, I just hope more coins will be legal on their place so people can still have more option for their investments.

Hell yeah, It is surely going to rise if people really started to take it that much serious. Imagine people are not only using it for trading but for their survival. Everyone has to use these virtual currencies to make their daily transactions which is also having a wide market. This is surely going to make it so big that nothing can be compared with virtual currencies again.

Its a good stepping stone for their country but I think they not choose 7 coins only because theres a lot of coins that can use too. Anyway it's a good news that thailand is embracing about cryptocurrencies and its a nice start that they regulate some coins.

The Japan Finance Agency recently banned anonymous cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Dash (DASH)!
Monero, Dash, and Zcash are becoming increasingly popular online in the black market. To prevent money laundering and other criminal activities, Japan banned these cryptocurrencies!

Who cares? Even if you live in that country are you going to follow all those regulations to the letter? You are falling into their trap by thinking you need to do things as the governments tells you to enter in the market of cryptocurrencies, just buy bitcoin and then use that bitcoin to buy whatever you want that is the way things have been and will continue to be in this market.

rEgulating cryptocurrency means centralization and this is the one big interest why people in this community dont want this to happen,but i believe that this is the only way for us to become freely engaging with our profiteering,freedom from being banned and can manage legally what we wanted to do.maybe its the rightime for us to open our eyes and mind about the benefits of being legal

Yes, you are right
how to fate with other coins. because some current coins are very much used by people. and it is very difficult for them to trade if they do not find another coin.

At least they're legalizing seven cryptos and ICO instead of banning it. In the source it says that ICO tokens can't be traded with fiat, but not with 7 accepted cryptocurrencies so people can still traded ICO tokens with those cryptos and then exchange it into fiat.

I would say that some governments have banned the crypto and the legalization of crypto is easy if there is the option of regulation. The government wants the economy to operate at a good level and therefore do not want any sought of illegal activities in the economy.

AS a result of that, many have banned the coin. I think regulation will be good and that it will allow the technology to expand and many people would be able to make use of it.

I think it's not gonna make any big diffrents, and im positif the regulation its because they relise that banning cryptos completely its imposible.

What crypto need its keep inovating and bring real use case. Im sure with that we gonna moon again

Regulations or legislation issues are far from the main idea behind the creation of  cryptocurrency.All these want to defeat the core mandate of cryptocurrency that is based on anonymity.On the other hand,it may speed up the acceptance of cryptocurrency.

In Russia, this issue is very difficult, but nevertheless, the government understands that it is impossible to prohibit decentralized digital systems, which means that it is worthwhile to send activity to the sphere of legalization and legislative regulation of crypto-currencies. ;)

How is this manifested? The fact that the Russian media periodically have discussions about the use of cryptocurrencies does not mean the government's desire to recognize cryptocurrencies. Fiat is one of the tools by which any government keeps all citizens under control. Do you think Russia's authoritarian authorities will agree to share their power? Lol!

Regulation for cryptocurrency? For some people this not good, because eliminating the cryptocurrency characteristic 'anonymous'. But for me and my country, i think this technology like blockchain will bring the bright future of economy in my country and esspecially will complicate officials for trying corruption  ;D

Well the legalization of bitcoin and some other altcoins in Thailand is a welcome development, and the regulations of cryptocurrency is also good but that will effect the decentralization of the crypto which is aimed at making crypto a free assets free from third party involvement. But that will boost the confidence of the people on crypto.

It’s interesting that they limited it to these 7 only. I suspect that they will eventually increase that number to add more of the reputable cryptocurrencies. It will stifle the progress of this industry in their country if they hold back the rest of these. Still it is positive that they are declaring some cryptocurrencies as legal. This shows that they recognize the importance of the new technology.

I think crypto really needs to be regulated in order to be accepted by every country. Because this must be adjusted to the economic conditions of the country.

regulating and legalizing 7coin in Thailand is good news and shows that the future of bitcoin is very bright. It is a signal that other countries will soon legalize cryptocurrencies. ITt is better the government legalize and regulate cryptocurrencies because it will boost investors confidence.

Yes, I have seen one topic like that somewhere here...It says, that only regulated and well developed market will attract big investments and whales interest.

I think they're trying to protect their citizens from scams and they think those 7 coins are fine. Don't blame them - there are so many coins out there that are shady.

Yeah they accepting top 7 coins as payment as legal in Thailand mate but with the big regulation it is not work well mate. Chinese government tried to regulate and use upon their country's norms and conditions still they are lacking in  do that bro.
If any government like to adopt as the currency they should check how Japanese government accepted bitcoin.
That kind of acceptance only will show the positive show of the crypto currencies.

Decentralization has never been an easy alternative. It requires people to step outside their comfort zone and to actually contribute effort to obtain financial freedom and everything around it. People for the first time ever have the ability to conveniently use a tool that allows them to transact and maintain wealth online, and that without anyone capable of limiting you.

Gold has been a great tool back in the days, and still is, but the convenience that Bitcoin offers is certainly changing how we are dealing with value.

People should be happy with how the market has gone down. Instead of paying top prices you can get a way better deal right now. ;)

I thik we can not blame them for that, but to think that they've made their move to accept crypto is not a bad idea. This is an advance, maybe in the future they can receive more crypto.

I suppose, that, if every country in the world would instantly accept the same laws an dregulations, the life would became so much easier, if you will be able to trade this way.

Despite the fact that the cryptocurrency is not legalized in all countries, it is widely used around the world.If the cryptocurrency gets absolutely total control of the government, it will lose its features. The government will control not only financial flows but also people who use cryptocurrency.

Bitcoin and crypto currency must be accepted and legalized around the world, then the market will start to thrive, and banking systems will get big losses.

Uuhm… I don’t really get what you mean, but I don’t think it will be easy for any government to regulate cryptocurrencies when other are not doing the same. I don’t know if it’s ever going to possible, but I do think that if they are actually get together they might be able to control Bitcoin. But that makes no sense cause the main reason why cryptocurrencies were made is to put people in charge and not the government. What’s the use for it when the government is in charge? 🙄Makes no sense then.

I think it is very controversial question now a days about the legalisation and regulations of bitcoin. Bitcoin, the all time controversial currency among all crypto currencies has always be in hot topics because of its regulations and legalisation of bitcoin. There are no set of rules and regulations regarding bitcoin and still there are few countries who has legalised bitcoin like Thailand,South Korea, Florida who has legalised bitcoin in their nation and using it for many transactions.

I think this is a good thing because it will push the price of 7 cryptocurrency to be back up, this is because to follow the ICO the participants must be obliged to change their fiat money into the 7 currency crypto that has been legalized

Every government have their right to make regulation against crypto as long as it's fair for their civilian.
I can say it's good but also have bad side for example broke decentralized paradigm.
But if the government already legalize bitcoin, well that's good news , isn't it ?

I think it's a good thing that some mainstream encryption is allowed by the state, so the value of these COINS will definitely go up.

I think the growth will be good for cryptocurrency because the demand for cryptocurrency is increasing, which increases the price of cryptocurrency.

Only registered companies in Thailand can apply for licenses, the Finance Ministry clarified. There is an upfront fee of 5 million baht (~US$156,194), which is separated into 2.5 million each for token distribution and cryptocurrency operations, the publication described. Fees charged for brokerage firms and digital asset dealers are 2.5 million and 2 million baht, respectively.

In addition, the publication wrote. Registered capital for digital exchanges is stipulated at 50 million baht for a centralized exchange and 25 million for brokers, while a decentralized exchange is at 10 million and a decentralized broker is at 5 million. However, the news outlet did not clarify how decentralized brokers and exchanges without a company associated with them would satisfy these requirements.

I think this is very necessary. There are currently too many scams in the market, and this has caused a great deal of damage to the market and good ICO projects.

I think the purpose of the regulation is to control crypto, and its enormous impact on the crypto market situation to date, of course, is unfavorable.

Regulation of bitcoin and other cryptocurrencies around the globe keeps on increasing. This will let more people to to engage into crypto related business and other related activities with confidence. Legalizing of bitcoin and other cryptocurrencies around the world is required in large scale to move forward focusing growth.

The never ending issues on Regulation by the government financial institution who where critical on Bitcoin crypto currency. It is decentralized system, with blockchain system in placed, good fundamentals, with support system by the investors growing as it posted with the ups and down of the market. Some financial institution is really on the look out about Bitcoin digital transaction. Either they want Bitcoin to be Taxed or they are just resisting the entry of crypto digital transaction in the trading market.

If bitcoins is legal on their country then it was a very good news because those people who are living in that country can start trading in the market and the price of cryptocurrency will increase even more because of the demand.

Well, it will have an impact but it not that big like what you think, maybe a massive adaption across the world could make a huge changes though. However, I don't like the idea of having  regulated across the world because when I heard the word regulation the first thing that come to my mind is bitcoin being controlled or manipulated by government which is bad I think.

I think when there is a rule that supports bitcoin circulation then it will be very positive. although the regulation is still limited, but it has proved that the support of local government as in Thailand. With the recognition of the government there will be increased confidence in cryptocurrencies. Well this is what makes a good improvement for development, I prefer it because then there will be a freedom in using cryptocurrencies.

Regulations are actually very necessary because without it the governments are going to follow through with their  threat of banning the cryptocurrency. And with regulation, it's going to do away with some criminal elements who are using it for their own purposes.

If they only give regulation to the 7 coins you mentioned, then I think many people start to leave ico. I think it will have a lot of negative and positive impact on the development of crypto. Well, I agree to their regulation but I would strongly agree if they give you a regulation of all the coins not just the ones you mentioned earlier.

For a start, this is not bad. I do not think that Thailand will stop there. From time to time, these rules will be revised and therefore others will periodically be added to seven legalized crypto-currencies. The main thing is that the process has started.
If a fee is paid in Thailand for issuing a license for engaging in the production of initial coins (ICO), then probably this activity should be regulated. This is today important enough to avoid fraud in the ICO.

Actually, some countries would be quick and smart enough to take steps into at least being a part of the space since they realize the benefit it could bring for the economy of the country, while some will just be so adamant and stupid enough even with their draining economy.

This is one country that is at least giving it a shot, at least it is a start and that is lenient enough to me, which shows they are interested to see the space develop and sanely be a part of it including the citizens, not like a dead economy like Zimbabwe trying to block every means to see cryptocurrency being used. I really pity countries like that.

I definitely agree to you also....  I think if almost all of the contries agree also with this regulation it will really help us to built a centralized market...  Because if it is legal in other country soon a lots of country will follow also...  You know what this news is really good...  Thailand really accepts the uses of cryptocurrency and it is really good because atleast there is a country who recognizes also the uses of cryptocurrency all over the world...

ICO's are a toxic element of this ecosystem. By reducing the number of options that people can choose from, money is more likely going to flow in the more established options that are offering at least some form of use. Imagine what would have happened with this market if all that capital would have been pumped into crypto itself instead of ICO's not contributing to anything.

People need to be protected against themselves with everything that's going on in the ICO industry. And if they still want to invest in ICO's, there will always be a way for them to enter through an alternative way. I'm not often on the side of the governments, but I'm definitely in favor of governments to crack down on ICO's.

Hope so. The regulations better be on full scale and not just for the few currencies like the Thailand has done. It should be either in the full scale mode or there shoudlnt be regulations at all. It help for people to push themselves into the crypto because they believe in the government rather than something coming out as public ledger. There will be time when all the countries would be on the same page and they will mass adopt the bitcoin and most of the important currencies around the world. Then there would be real crypto currency world, legal and solid proofed.

I think, it's difficult for bitcoins and altcoins to be legalized sinced there are no regulating bodies that handling and managing this kind of business. And that's the reason why it is not been recognized by some countries because of it's volatile and it's anonymity. Just own opinion.

I also think that if there is a good legal framework for the cryptocurrency market then that is very good and it will make this market get more attention of investors as it will become more transparent and secure than. I believe that as cryptocurrency is more popular around the world, the legal framework for this market will emerge.

I think the strategy is perfect. The government gave a green light for sure crypto currencies in which there is no doubt and they regulate ICO which is also good, cause of many of them appear scam in the end. I guess with time and appearance of new coins the list of legal crypto will get wider. The next step should be adding crypto into their exchanging offices by banks.

Legalization of cryptocurrency is not that easy to be great currency. I believe that bitcoin and technology. I believe that bitcoin and technology in this day and it is the future. The real problem here, and technology. Cause we have been working with banks, and technology. I even the most important nowadays,

For me I think regulation of crypto currency will be very great. There are too much coin in the system and others are yet to come to the system. scams are to many with fake ICOs that leaves investors in despair. I will be very glad if I see some form of regulations in the ICOs management to help reduce the issue of scam. I think is a great news for Thailand. Some people have taken the decentralized nature of crypto to fill their pockets which must not be so.

what actions do you expect the government to take on ICO? sometimes due to the large number of scams and some problems that occur in the ICO investment industry. there are frequent restrictions on the government, and maybe it will be bad for ico development

We all know that cryptocurrencies are not regulated even but they do regulate and make legalized those who have used it.
I think there's nothing wrong if they regulate crypto and other ICO because mostly ICO projects now are scam or a shitty project, in that country that OP said they are trying to be safe people in their country who has adopting crypto and one thing I guess the big reason people can't make illegal activities on cryptocurrency.
Therefore, they have a right to regulate and legalized for the sake of their community.

I think that although it imposes some rules and in some ways constraints users into fully using it at times. Having laws governing it and rules protecting its users is never a bad thing because it affords one the cushion to at least be comfortable that if some bad elements would use cryptocurrencies to do bad things or in the instant that a person may be robbed of his coins, then he or she can have some laws to actually use to protect himself or recover what he lost. When a law is imposed on something, it also somehow acknowledges its legitimacy, which is a good step for the cryptocurrency market.

With the fee concept for ICOs, I think scams can be avoided. Mosylt scams won't pay the fee, so people won't have to worry about them. If other countries do legalise few coins then I think it is a good sign for those coins and their value can easily increase in near future.

In my opinion it is a type of the formalities that the government of Thailand did , No doubt that they made rule but here we should see that they are totally outside of the line of the work in the field of cryptourrency with fiat system .
Let see that they have restricted the trading of token with fiat , Ofcourse doller is not fiat of the thiland and also people in thiland can buy bitcoin and another altcoin asset to make buy of tokens in the ICOs project and this will clearly Result into easy to run ICO without any type of restrictions , so here rules are just formalities only .
And also here the rule of the legalisation of the fee Cryptourrency is not a big deal because they can't have background transaction of the another cryptourrency at exchange ( only a written data to buy and sell coins ) , so clearly here everything is open to work and there is no restriction .
Here I will hope that same types of the rule enter in the another countries where bitcoin is still not legalised and regualted yet .

I think having strict regulation for ICO would make it possible for innocent investors to be protected from being  cheated, alot of individuals out there come up with eye catchy ICO's all in the name of making people get rich quick and at the end of the day they lose everything. The crytocurrency market would be set back if relevant regulations are not imposed on ICOs.

While some regulation might help, I don't like the idea of a bunch of crypto-illiterate old farts creating laws to regulate crypto.

The existence of strict regulation, the ICO will make this business unprofitable. Now there are many regulatory mechanisms in Fiat and what did it save you from scams? It seems to me that attempts to impose regulation of ICO projects is a disguised desire to destroy a competitor and save the stock market from collapse.

The government and the cryptocurrency will reach an agreement, then that will be the time yhe cryptocurrency will be legalize according to laws and standards set by the government, and if it is legal now ,tben it will be regulated base on the standard of regulation of currency.

I think there should be a agreement between cryptocurrencies and government that they will give enough free to the users of cryptocurrencies. They will give the limit of giving tax. But this are not so easy. Because bitcoin and cryptocurrencies has no control.

Unfortunately, attempts at regulation are unavoidable. the state is afraid of losing full control over the money issue and yet does not know what to do with crypto. hence the foolish rules and regulations.

I do not like the idea of having more regulation in the market but I also recognize that it is almost inevitable that we get more regulation since governments are focusing more and more in cryptocurrencies since they have realized that they are a real threat to the stability of their economies, but it does not matter what they do at the end cryptocurrencies will be successful and their attempts at regulating the market will fail.

Somehow it protects the investors from scam ICO`s and more verification is needed. But on the other hand it can act as a reverse strategy for the mission of the crypto in general regarding centralization.

I don't think bitcoin is as much threat to economic stability of some countries as it is for people with political power and authority. Bitcoin makes people look at the fiat money and taxation systems from a different perspective which is not appreciated by a lot of politicians.

That is a very good news to hear. A country who actually accepted crypto currency and actually regulated it so that the people who wants to join in will be protected. I just hope more crypto currency will be accepted snd more and more countries follow Thailand's footsteps in accepting crypto currency in their countries.

Having Regulation is good to perform so that we can manage the currency that we have and make it legalise. By creating a regulation we protect our bitcoin and also the investor for the scam.

no offense, but I do not think Thailand has any effect on the crypto economy, but if the regulation starts in China, and contains positive things, it might change the current market condition
because China has the largest users who have cryptocurrency

When the legalization of cryptocurrency comes to life then we all know that there is a need for cryptocurrency to be regulated so the users or people who are in the cryptocurrency will know their limit of using cryptocurrency to their country and also to avoid the people who will abuse cryptocurrency so there will be in control of this new type of opportunity.

Some countries in the world have adopted and have their own rules to make the currency market more stable and more legitimate, for example, singgapo or swindler who accepted the bitcoin deal.

We  never know when and how this regulation and legalization of bitcoin may take place, could be sometime in the future if things can settle right and good but still there are lots of process if these things be done.

there are definitely good effect of legalizing ICOs, and you are right being well regulated attracts more investors that will put their investments in cryptocurrencies, more demand means more profit, what baffles me is that why did they prohibit trading against fiat, those ICOs will be deemed worthless, if left not traded.

Cause we all have been a great. Cause we should be great currency someday I believe that bitcoin and technology in your savings is invest more in that you can get the right now, I support cryptocurrency and especially bitcoin will rise up the market. Cause I think it will do if they are so many cryptocurrencies work,

The only thing that we have to think of the right now is to study. The real problem here, and technology. I believe the future, the right to be true but I am wondering where to invest it was bitcoin and technology, I support cryptocurrency. I believe that bitcoin and a good job of cryptocurrency

Legalization and regulation of the ICO`s are good in the countries. Because this can help the all users to determine the good coins and also help to avoid scam coin. No problem if you are not trade your fiat in ICO , but you can buy a Bitcoin and the others with a fiat. Maybe this kind of limitations in every ico are good for now and also in the future.

You know that if Bitcoin starts being regulated by the government that it will lead to lots of investors quitting. Okay, I know that many people sees Bitcoin as scam and a bad thing and also hate it and calls it all sort of names and whatever that comes to their, but look at it, there is still even more progress despite ebeubring everything people are saying. Well, maybe Bitcoin is not mean to stay forever, but at least let’s make good out of it before it ends (if it will end).

It is really a disguise as far as I am concerned, but at the end of the day, we used our own hands to bring that upon ourselves. First, scammers invaded the space and started taking shit load of money from gullible investors, and talking about gullible investors, since it is a decentralized space, it became so easy to get them deceived until they totally start losing a lot.

All these things put together made the ICO space a dangerous space which should not be, and now we have no choice than to submit to regulation in a way because of those who simply cannot do a simple research to understand if an ICO is worth investing or not.

Maybe you're right about the future of ICO. I think that people are scared about investing money into the unknown system for them. I sure can help to understand the real position of fiat.

I definitely believe that if more countries start to legalize and regulate cryptocurrency, it would affect the market by attracting more investors- thus increasing the price of bitcoins in the market. As the demand increases for a certain product, the supply decreases and eventually increases the price. In this case, if countries would utilize cryptocurrency and make regulations that cater to its development, expect prices to increase and making investments skyrocket.


The problem with most ICOs is that, it has created this stigma into the cryptocurrency world due to recent scams made my some individuals. My only fear is that once countries accept cryptocurrencies into their system, expect ICOs to be rampant and dominant into the market which bring potential danger to some investors.

No, why this is hard to do so? And if that is, how these some of countries have legalized them? This isn’t the case. It is no hard and fast to legalize this coin but yes these politicians don’t want to lose their chances to do corruption. They know when bitcoin is legalized, they would be able to do more corruption as everything would be controlled and handled by computers.

there are pros and cons if bitcoin and other cryptocurrencies will be regulated by each countries, we all have read those things, the bottomline is, trust ratings and demand will surely be boosted, which means, eventually, more and more curious investors would be taking the dip and try the crypto world. more and more legalized and legit transactions will be the results because of this move, more and more country will follow thailand.

regulation and legality of cryptocurrency seems to be so desirable that circulation of cryptocurrency can be legal and acceptable to all platforms and even to all payments available in each country.

It is not just about using it and paying your taxes so you can not worry about taxes in the future or be worried that goverment can shut it down at any second. No it also means countries support crypto one way or another. If a country has a law that states %X on taxes that country also says "yes you can use crypto its fine by me".

Look at USA they first legalized it than they regulated it and now they are giving out futures and so forth about it. The more countries like that the higher bitcoin will be.

Well, no one likes that and simply as much as we do not, we certainly do not have a choice since we also have a bunch of crypto-illiterate investors as well who cannot just do the needful to verify and do due diligence before even investing into any ICO, except for the fact that they are just looking for means and ways to get rich overnight which is not done anywhere.

With regulation though, I believe things should get a bit better with scammers not even seeing a chance to breath and I guess we actually need that more than being filled with old fat crypto illiterate coming up with regulation.

I hope also, that we will have more and more countries, who will accept crypto and then more other will see their testimony and make their mind to be positive on crypto, my country is going to accept it soon.

Most of the countries in asia today are already legalizing cryptocurrency in their area because somehow they want the idea of japan where bitcoins is used in order to improve their own economy.

All things considered, nobody enjoys that and basically as much as we don't, we surely don't have a decision since we additionally have a pack of crypto-ignorant financial specialists too who can't simply do the needful to check and do due ingenuity before putting into any ICO, aside from the way that they are simply searching for means and approaches to get rich medium-term which isn't done anyplace.

Yes i do agree because i already witness that most asian countries these day are now accepting and legalizing cryptos but they only do it because they know how important and useful the cryptocurrency is. Its not about because of japan or the influence of any other countries .


Legalization of cryptos  are already implemented but i do not think that it can also be regulated because as i always said , cryptos are decentralized which means they cannot posibly be controlled or regulated by some one.

We know already that Bitcoin is really good. That's information is very clear for me. There's no problem about Bitcoin regulation, as well as we can get profit from it that's okay for me. I hope that if my government will accept and embraced Bitcoin and hopefully our Filipino country men will benefited the good intention of Bitcoin.

regulation is required only when bitcoin is used as a payment system in various merchants. as long as we use as payment, no regulation is no problem. but future regulation is also needed to regulate the use of cryptocurrency.

I think this is hard to happen, if too many cryptocurrencies of course make the country confused to legalize and make the regulation, I think this is a matter of time because I'm sure that the future of cryptocurrencies will continue to improve.

For the fact that the Government have legalize this top cryptocurrencies is a good news. With time, more and more will be legalized. I also believe regulating the ICOs will be good as it will help reduce scam. I can boldly say that 98% of the scams that have happened in cryptocurrencies generally are through ICOs.

There are countries who cannot handle the growth of cryptocurrency and that is the reason why others are illegalizing bitcoins because it was not taxable and if people will prefer to invest on cryptocurrency then banks will also lose some of their investors.

Asides fee, a lot of vetting and verification before even being declared a legal entity to conduct ICO is really going to help and as long as you are illegal, you are illegal if you cannot pass through that phase. This will surely help to clean the space for any illegal ICO trying to run and make it so easy for any investor to detect if an ICO is worth risking investing in or not at least with just that. Also, it would be a very difficult space for scammers to thrive and definitely will cause a drop in scammers.

I think legalization and illegalization is not het matter of the currency for me the best thing is that we are getting profit out of it, so I we should concentrate on our earning, now almost everyone is getting good amount of money with the help of investing, long ago people were making discrimination between the legal and the illegal but now it is not the matter of the fact people are aware and they know that it is the best source of earning.

A better deal that most of them are still complaining about. It is easy for you and I to see it as a better deal with the value presently since we know the real value and same goes to others in our shoes, but for those who are simply in it because all that matters to them is getting rich quickly, that would be a hard thing to focus on and rather than seeing this moment as a means for long term, they rather chicken out.

With respect to regulation most especially, that is something we obviously cannot run away from. We may avoid them only when everything will be available for bitcoin payments but from your neighbor and friends. I guess that kind of society will be built very soon then we may avoid/overcome those government's regulations and restrictions.

The legalization of crypto will be a very positive step because it can help the people to stabilize their financial conditions; also it is modernizing the people of the world. The major reason for banning of bitcoin is tax and in my opinion tax can be imposed on bitcoin if the government helped out, this will improve the economy of both(the country and bitcoin).

I am glad to hear that Thailand has accepted crypto and this is another step for Crypto acceptance. Also, regulating ICOs is helpful to minimize fraud incidents. This would help increase the credibility of crypto to the community. I just hope that my country and other countries will adopt this kind of acceptance to crypto.

The government accept bitcoin in their country , so if accepted then it should be legit or legalized in such a way that the government permitted the use of cryptocurrency as legal tender and exchange at the same time investment, but all of this the government will also regulate the bitcoin and cryptocurrency in the land , imposing whay are terms and conditions between the government and bitcoin.

You are only seeing cryptocurrencies as they are right now in which they are not a threat but if bitcoin and other cryptocurrencies really grow to be currencies used all over the world then the government will lose control over a great deal of the economy that was previously under their control and even worse they will be unable to tax it, if that is not a threat to the economy I do not know what could be.

It is good for cryptocurrency overall. With the passage of time more and more countries will accept cryptocurrency as legal and regular currency. The future is that of crypto and all other currencies fiat or paper will disappear from the market. The whole world will use just one currency and that will be bitcoin because bitcoin leads the cryptocurrency world.

For one thing, that is a good news if Thailand actually accepts crypto currencies. Making a ruling for regulating crypto currency means that it will be protected by laws. It's also a good news that they actually regulated ICO to weed out fraud. Although it sucks that you can't buy crypto currency with fiat. But that's progress in my book.

 The Regulation and Legalization of the above mention coins in Thailand is a great news, at least if you visit this country with crypto on your Wallet, it won't be a problem for to transact business of pay for your bills, I am looking forward to have additional country whom is friendly to crypto would adopt or accept crypto transaction in the near future. Some government financial institution with the business community involved are talking on how to address the growing crypto transaction globally...

In my country bitcoin has banned by the government. The reason is that they are investigating blockchain technology and when they complete their survey they will allow crypto. Crypto is all about blockchain technology and in the future the whole world will use this technology as they are using mobile phones. Cryptocurrency is part of blockchain technology.

Regulation and legalization of cryptocurrency, It will actually happen when the government accept the bitcoin as legal crypto currency , so the government will put up regulation on bitcoin for its activities in the country and might impose taxes to bitcoin transactions.

What do we need to understand about the position of fiat?whats the connection of people being scared in investing when they know nothing about the system ?i just cant find the logic on your comment,but giving the benefits of the doubt,people will soon realize what they are missing on denying the benefits of cryptocurrency in their life

I think its good start for cryptocurrency market and specially for thailand peoples. I am believe this regulation will be more wider and maybe in the future fiat can be use for trade with cryptocurrency. Hopely it will affecting on others country

Government will really provide different laws for cryptocurrency if its affecting their own economy because in this way they can stabilize the countries economy.

Its good to hear that 7 cryptocurrency are already accepted in thailand, we can say its fair enough to be regulated in such country, every country that already legalizing/accepted such coin currency will depend on which ICOs their choosing that help their economy grow by means of TAXES. All that matters on how the dev of different coins competation will give satisfaction on how they run their technology.

At least, that is one good step and it is actually fair enough. The thing here is that if countries can just allow the space to develop with very lenient and slight regulation which obviously show they are not trying to kick against the space but rather want to bring sanity for everyone to be happy including the country itself, these are absolutely some of the things we will sure keep seeing as time goes on. Let's see how things would gradually be turning out.

Concerns over their fiat economy is the prime reason for why governments are prioritizing the regulations and legalization. But I believe no one can stop crypto economy to take over the traditional economic systems.

this is good news so that the whole world can do trials like Thailand so it will provide many benefits for the users and also the exchange rate. hopefully in the future many opportunities to grow well

I think that's great news. Now it is necessary that the government of other countries should follow the example of Thailand. Let's hope that soon they will legalize even more cryptocurrency, that it would be legal to trade cryptocurrency.

Governments are developing regulatory norms not for the development of the crypto market or its integration into the international financial system. Just the opposite. The whole point of regulation is to protect traditional markets in which the interests of big businessmen and politicians are focused.

Digital cryptocurrency is in the grey area of law and regulation!
In fact, legal construction and regulatory improvement are important factors in the development of cryptocurrency as a new means of payment.

We need to make Bitcoin protected for harmful circumstances. It can assure the rights of the bitcoin user.
Lots of cybercrime are regulating in the internet.

So, Bitcoin should be legal.

Legal regulation of cryptocurrency market will protect the interest of every user who have become the bitcoin owner, alt coins owner or ICO investor in many aspects, The regular user's are quiet uncertain whether they may rely on the law in case of any problem concerning crypto exchanges, ICO or cryptocurrency management in general, The miners and traders are also rest in the risk area due to the fact that they are concerned with the issue of crypto profit 'nature' The continual difficulties with supplies of the new equipment for the mining farms is another problem, Remind that mining as a kind of activity also requires the initial investment which cannot be legally protected at the moment.

I hope that my country will also take the example of Thailand and allow cryptocurrencies not only bitcoin but also other ones in order to make them legal here, and also the earnings from that.

It does not even have to be extremely strict but can be lenient enough and still be able to help do the needful.
One thing with the ICO space is that the main bone of problem is the way scammers have been invading the space and causing huge issues and if this can be a target to be able to curb such, it would really help and there is a way the rule with regulation can come to play which will make the whole thing about ICO come with some sanity by putting some rules in place for any registered company that may want to run an ICO and not just anyone coming up with bullshit.

Right. This is good news for the whole world to do testing
as well as Thailand so that it will bring a lot of benefits to both the user and the exchange rate. hopefully in the future many opportunities for good development.
Other countries will, too, be legalized for rapid economic growth.

This is very good news for cryptocurrency and ICO/ if the license is very expensive or very difficult to obtain. Then it will make quality ICO companies that will really collect the necessary amount and implement their project, on which they are working. Now a lot of scams that collect money from investors during the ICO and then forget about the coin and the product. The license will put things in order.

There are many countries in the world that are accepting cryptocurrency, research and application of blockchain technology in financial management and other life issues. I believe that things are getting better for the cryptocurrency market and this is the time for investors to get more profitable with this market.

It is securing the rights of users. Those who put their trust in this coin, they are satisfied with performance and what all they get back from bitcoin. Bitcoin is considered as best secure and safest thing in the history that is related with money. You are still be advised to make good care and take extreme concern about bitcoin. Try best practices to avoid any loss.

Regulation and the legalization of the crypto currencies is not at all an easy thing to do and that this will surely take lot of time and that the role of the government will be a key factor in deciding this thing. We cannot expect that any of the crypto currency will get legalize in a couple of days or two and that the reputation of the crypto currencies will convince the governments to take such steps.

we know that, it can take long time.and also goverment need legal standing in order to legalize and regulate cryptocurrency.it is very complicated to do, and need consultation to finance expert and blockchain expert.

Here is to say, the legalization of electronic money, not to mention a lot of electronic money leading to chaos. Are e-currencies sustainable or not sustainably lasting? The main purpose is to be of value to the user community in the application. The legalization of the future will be fully applied, and in some unused countries they are waiting for the opportunity to apply.

Regulation and legalization would make cryptocurrency more secured. Security is one of the things investors looking for. They want their money under proper regulations at least to minimize scam.

Regulation would not totally remove the decentralized system of cryptocurrency instead will enhance its capability.

It is not just about using it and paying your taxes so you can not worry about taxes in the future or be worried that goverment can shut it down at any second. No it also means countries support crypto one way or another. If a country has a law that states %X on taxes that country also says "yes you can use crypto its fine by me". In USA they first legalized it than they regulated it and now they are giving out futures and so forth about it. The more countries like that the higher bitcoin will be.

I agree with it. Some great investors are eager to invest cryptocurrency when it becomes legalize and regulate by lawful means. It would make crypto industry more secured and can be trusted by many investors from scammers strategy not to easily penetrate.

I am agree with your opinion. We should be glad when regulation from government come out. With regulation, cryptocurrency market will create confident in from big investor and will be very attractive because its new investment with big opportunity in the future. I am believe with government regulation, many peoples will investing their money on crypto market and make market more profitable

It all depends on the motive behind the regulation. Money is a very critical substance. Nobody plays with it. Just like thailand, the motive behind setting up a regulation on a financial asset is to protect the investors and stake holders. If Investors are loosing, the stake holders could be at the receiving end to, in cases where the government is part of the stake-holders. Especially where a Private-Public Patrlnership (PPP) agreement have been signed.

The regulation could also serve as an additional security to the Crypto-Market and might also boom the market. If people here that the government is giving support to Cryptocurrency by setting up rules and legalizing it as an acceptable form of tender, big investors will fall in, many non-crypto enthusiasts will even join the train and these will hike up the price, as a result of high demand. Transactions will be faster and Funds will be more secured.

My Fear is just that Government can do and undo. They could use that as a means of extortion. Expectially, when it involves registration and payment of fines.. just like I read about the regulation in Thailand, "Sellers of digital tokens unauthorized by the SEC will be fined no more than twice the value of the digital transaction or at least 500,000 baht [~US$15,703]. They could also face a jail term of up to two years". $15,700 is a huge some of money to be paid as fine, and the possibility of facing jail terms? .. Traders might regret this regulation on the long run more than the happiness that came with the news

It is good and fair enough to put a regulation and lwgalization of the currencies that are in the market to bring more secure in any investments and having a alliance with the government can add some more trust to other people who has not attached in bitcoin yet. And I think that is the best idea that thailand has in their country.

Hopely many country will following thailand to regulate bitcoin transaction. If many country regulate bitcoin transaction, i am believe cryptocurrency adoption will be more faster and peoples will take benefits from crypto market

Currently, only a few countries accept electronic money legalization, most countries in the world have not accepted, so I should accept them because they have many benefits.

Restrictions on cryptocurrency is necessary because governments need to create laws in order to maintain the balance in order for the economy not to crash due to the growth of cryptocurrency.

I underline points that ICO can't be traded with Fiat. if that is the final decision, ico will lose the demands, even if a little. because some investors also want to trade on ico to fiat.

Bitcoin does not have much illegality, bitcoin has much security. bitcoin ilegal not bitcoin is not legal in some countries. But in many countries now bitcoin legaliz I think bitcoin needs to be legal in all countries.

It's going to take quite awhile for governments to fully implement regulations on cryptocurrency.  We probably have at least another year before it is legal in most places.

I also believe that regulation of cryptocurrencies is the key to its mass adoption and legalization. The process is just painful and complicated in the beginning, but this will help stabilize its value in the long run, eliminating its drastic swelling and unjust devaluation whenever the whales desire. Bitcoin has a lot of potential. It can truly disrupt the economical and financial industry, solving a lot of existing social problems, such as different kinds of theft crimes, unemployment, corruption and many more. We are about to enter a period of unprecedented change, hence, digital currencies must be regulated and legalized as soon as possible.

Hopefully something good will be happening while government will be accepting cryptocurrency the price will go up because right now it is so silly to sell at least something, I really regret but I have not sold before.

Cryptocurrencies are not a new phenomenon, but they received the greatest peak of popularity only in the second half of 2010-ies. Digital coins are mined by users through the use of high-tech and powerful devices that perform certain calculations. Subsequently, the thus extracted virtual money you can "print" on the e-wallet, and cash. Due to the growing popularity of this type of earnings, many States are concerned about the legal regulation of cryptocurrencies. The article will focus on what countries equated cryptocurrency to payment means, on what conditions transactions with digital money are carried out, and which States recognize the use of cryptocurrencies but do not regulate them legally.

Before proceeding to the story about the attitude of different States to digital currencies, it should be noted that the cryptocurrency is a decentralized means of payment. It is transferred from one person to another without intermediaries. The state banking system does not participate in this exchange, and the amount of transactions, as well as information about the sender and recipient are known only to the participants of this system. That is, the state can not track who made the money transfer, to whom and for what service.Potentially, the use of cryptocurrencies not only limits the state from a number of tax and Commission revenues, but also in the long term jeopardizes the functioning of the banking system, as well as the feasibility of these financial institutions.Despite these negative factors, cryptocurrencies are officially allowed in some countries, and some countries are going to formalize the digital currency. And only in some countries blockchain and cryptocurrencies are under strict prohibition.

I think that it is good. This will give more trust to investors. We were waiting for regulation and legalization of cryptocurrencies. It is hard to know how they work. Some people even think that they are illegal. This regulation and legalization will help the sector of virtual money. Moreover, people could invest without being afraid. Many years before, the internet and social networks had the same problem. They were new and needed regulation. Now, they are OK and nobody doubts when you make money on Instagram or Facebook.

They will find out their mistake but then it would take so long. There would be nothing but regret. Their lives wouldn’t be much happier at that time as that would be those who are continuously participating in bitcoin. People must know bitcoin is beneficial for everyone. Soon, prices would become jumping towards moon so keep your emotions under control.

I think that it would only encourage the usage of more cryptos and it's a great development from the stage when most of the countries earlier were in the idea of banning cryptos completely. This can't fully eliminate those ICOs that are not sincere with what they are working with but it can reduce the number of ICO generation as a whole.

And this is very important for the government to regulate or legalize the cyrptocurrency. This is actually the need of the day which is expanding in countries that are developed and rely on technological advancements.

Bitcoin has great potential to give rise to a new banking system if laws like fiscal and monetary policies are build around Bitcoin and then implementing those policies will enable the government to control the inflation and unemployment but I think it will still take a lot of time to get a system like this.

If this is true then this is good news for the community to use. This is considered a social opportunity to promote the economy. And want to have more profit for themselves as well as the community.

Those regulations are not going to work, as long as you can buy bitcoin or ethereum then you have access to all the market of cryptocurrencies, how are they going to avoid that people to invest in icos or in other illegal coins? They can't, they are just trying to make it seems as if they have control of a market that is impossible to control, eventually some countries will apply a full ban and even that will not be enough.

This is a very fair thing being done by the government of Thailand. If every country can adopt the regulatory measure similar to what has been done here in Thailand, I don't think people will complain about regulation.

Regulation and Legalization of cryptocurrency is necessary governments should regulate the coins mainly because of many fraud coins coming in market governments should take precious measures

Well, it is still unclear that how the government is going to track cryptocurrencies especially the transactions taking place from the IP address outside that particular country. It is definitely going to be a chaotic situation if the government is using such technology as a base to assess the tax liability of the assessee.

* Japan’s National Police Installing Crypto Transaction Tracking System - Bitcoin News (https://news.bitcoin.com/japans-national-police-crypto-transaction-tracking-system/)

We can now have  confidence in any ICOs that originates from Thailand due to the fact that they can tracked and traced in any event of scam, we are all aware of many ICOs that collected investors funds and disappeared into thin air and are non traceable, I expected other Asian countries to emulate Thailand and ensures that all ICOs are complaint with regulations.

That is good thing to happen when some other  countries follow the steps made by Thailand government.
It is also helps the community of cryptocurrency users to spread their influence all over the world.

Well, in my opinion it is a good news though crypto market is not in good state they still regulates. They really adopt how technology greatly influenced their country!

my opinion about this rule is that the ICO who can't use fiat again to trade in Thailand causes the ICO price to follow the bitcoin prices that fluctuate and I don't understand why ICO has to pay to get licenses

Some involvement is probably necessary as there are a lot of scams unfortunately.

HAppy for those who accept bitcoin and make it legal in their won country.. but for everyone's country it will take long, because not all counrty are the same, for these to be legalized much so to regulate wil take long process and weigh things out to iron it and to materialize it.. well let's hope that someday it will happen just as we hope it to be.

Without it the governments are going to follow through with their  threat of banning the cryptocurrency. And with regulation, it's going to do away with some criminal elements who are using it for their own purposes.

if it is true the seven coins will have a very bright future because it has been legalized by Thailand
I believe there are many more crypto will be legalized in Thailand

Regulating cryptocurrency is one of the best way for this community to be legalized in many countries if not the whole world.from this point governments may put taxes and will take what they own from us,not like now that they don’t have even small amount as taxes from all of the people who gains huge here

we need bitcoin to trade and we always hope the bitcoin will be legitimated and widely used by many people to accept more transactions.

I think these 7 countries are not too much of an influence from the bitcoin price movement because from that result we know that there are even a few countries that prohibit the circulation of bitcoin and I am very sure that it only takes a certain time in the future for the country to prohibit circulation, it will give permission the circulation of bitcoin in the future.

I think that such regulations are more good than bad because crypto really needs to enter law zone in all countries so it will get more stable probably.

Yes for sure in this regarded bitcoin is going to have good future, the more transaction will be done the more people will get to know about bitcoin so we are living in age where everything is being digital now it means for sure bitcoin should get legal and regulate, so in future more and more people will accept bitcoin and they will happily invest to it for the sake of bright and shining future.

The regulation and legalization of bitcoin can only be done when the government and bitcoin and cryptocurrency will agree to terms and conditions which are set by bith parties involved in the legality of cryptocurrency in each country that accepted bitcoin and cryptos.

Regulations aren't a bad thing if it helps spread the adoption of crypto, but in this scenario, it's hard to tell. Personally I don't like what Thailand is doing.

Without it the governments are going to follow through with their  threat of banning the cryptocurrency. And with regulation, it's going to do away with some criminal elements who are using it for their own purposes.

This would be beneficial for the entire cryptocurrency market. Regulations and legalization of crypto market will motivate the public to invest in the market who have trust issues. The fear of the general public will be reduced significantly. This will also reduce the crimes done by using cryptos. This would help in exploiting the potential of the cryptocurrency market to the fullest and would ensure some stability in the market.

Cryptocurrency users have increased worldwide, openly or secretly, they use it both for trade and investment. The government must issue regulations that legalize cryptocurrency, because banning is not even useful. What needs to be considered is how to make added value for cryptocurrency, which is to give tax revenue and improve the welfare of the country.

Thailand government is doing the right thing, ICOs and many small altcoins do not yet have legality because their security is still questionable and not guaranteed, while well-known coins like bitcoin, Ethereum, etc. have been regulated because they are guaranteed safe and impossible to scam..

I agree. There are people who are afraid of scams and pyramiding that is why they wanted legal market and if we say legal it is regulated with rules and laws and such. And with this it will probably boost the population of the market of the legal coins. And this is a good indication for the better future.

Crypto values will be more stable when there are clear regulations from each country and this is evident in Thailand that has legalized several kinds of crypto, we have none of the Crypto legal and this has an impact on local exchange which is always fluctuating and a surge occurs due to the arrangement of several large players

i am agree regulation could make investor become confidence and trust to put their money into cryptocurrency market.withouth regulation its easy to manipulate by whales.

even though some country will restrict or ban ico's and other altcoins , it is still possible to access it by just using a vpn or proxies which can change your i.p and country .

btc and eth are not also regulated and wont possibly be regulated because they are decentralized . your safety wont also depend on the legality or being regulated because your safety will only depend on your hands or on how you handle your money .

In fact, the state is just trying to somehow influence the cryptocurrency, which is decentralized, and therefore they impose such severe restrictions!