Thailand approves 7 cryptocurrency

[hmmkay]

It is definitely good news for Thailand and crypto world either. This way the country is more involved into crypto, new digital projects and modern technologies. It provides more opportunities of investing and earning.

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[Shova]

We have already came into conclusion that crypto market wouldn't prosper without the support of local governments and local government can't fully restrict or deny the use of cryptocurrency. So, it would be better for all to come into common ground of regulation and self regulation.
The move of thailand government is appreciable.

[keyrun]

Thailand did what Hong Kong and Singapore had still not dared to do. It would now attract companies issuing ICOs to Bangkok increasing the economic activities in Bangkok and Thailand. I hope Hong Kong and Singapore too would soon legitimate and protect ICOs.

[crestella]

This is good news that Thailand has approved 7 cryptocurrencies, maybe Thailand just realized that this digital currency can be profitable for his country.

[Old Bindu]

I am very pleased with this information. I hope in time Thailand will become another major center for the development of the Crypto-currency. And this will help their distribution in the Asian region.

[tofus]

This is a right step to regulate and use cryptocurrency and ICO. I think we are on the verge of integrating cryptocurrency into many local economies.

[St4yInTh3D4rk]

Thailand is one of the business level country so it has more foreign investors there and the citizen of those country were still economical behind the level so this may not have nig effect in the crypto trading field but it will be a good news so that the nearby countries are also may follow their decision which may gives more investors to the crypto field.

[argus312]

I would like the rest of the countries to repeat the same action, and then the crypto currency will be blossomed at the expense of investors!

[waterproof]

The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.

The SEC will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/

I really like this amazing country, it keeps up with development, and chooses the right way. Why impede development is right.

[thetruth123123]

 I hope that every country would follow their decision, and we will finally see those great changes taking place in the world economy

[bkbbtr]

This is a good news. I have always hoped that more countries will accept the existence of cryptocurrencies. This is very good for our investors! Because it will attract more funds to enter the market!

[Iniya]

That’s great news. If there were more of such news, maybe this will affect the market for the better a little bit. In the recent past there has been too much bad news, which led the market to drop all below.

[teeshe]

This is a very good and welcome development. We hope other countries will take a cue from Thailand and change their strong stance against cryptocurrency as the economy has much to gain on a long term upon appropriate regulation of the industry  .

[chillitabit]

The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.

The SEC will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/

it's great that they allow the trading pairs, I'm just wondering if this means they're all conisdered securities, as that wouldn't make any sense to me and could be risky precedent.

[Emperor of Man]

Good news in a bearish market. 

This kind of news affect the market in the long term, although they won't show the immediate effect everyone expects them to.

[muratdur]

 I always rejoice hearing that, the more countries would accept cryptocurrency, I believe, the faster would be the process going