Thailand approves 7 cryptocurrency

[Nalbo]

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/

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[BTMgoMoon]

This is a very good news. I don't know if Thailand will produce a large number of cryptocurrency investors. If so, it will drive the developme

[Rox123]

Awesome, and all the essentials too I hope other countries follow suite asap, so that we can isolate those who won't comply haha. Oops!

[lifesgood10]

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/

This is a positive and impressive news
The acceptance of crypto currency is soaring across nations and very soon
Every one would partake in crypto currency

Let’s wait for China and korea acceptance too
Come next week

Together we make a great Blockchain word

[dupee419]

This is great news for Thailand, because of this the potential for the growth of their economy would likely to become better, if they have approved 7 cryptos for the country I think people in Thailand would likely to recognize and know crypto much better and most likely explore other altcurrencies.

[Mrs Troll]

"Good news", countries already decide what we able to trade and who is good/who is bad, everything is repeating and leads to the current centralized world, owned by banks. I hope all these restrictions will ruin one day and only people will decide what to trade, where and when.

[wilberthh]

It is really a good news that more and more country starting to accepts cryptocurrency, although in my opinion it ruins the purpose of cryptocurrency as decentralization..
I don't know if this might lead to regulation of cryptocurrencies but let's hope that this positive news brings a good value to us as a investor. Let's hope that cryptocurrencies will finally get recognition from more people.

[barlo357]

This is a good sign that crypto currency still growing I hope other countries will follow too so that investors will allure to invest more. Hoping for the more progress in bitcoin now that Thailand open for the crypto currency.

[IIV]

At least this is a start.
They are regulating ICOs, that's the first kind of thing I've heard and it would make Thailand a great place for legit ICO and a prescription would also make the investors secure of their investment and the ICO can have a guaranteed flow.

[Samboo]

If only every country regulated and made every ICO register and abide by local law, there would likely be less scams and loss in the ICO industry.
Though the concept of decentralization and anonymity is great, but at current time, our greed won't let it happen. So, it's better to limit ourself from the authorities unless we are capable of handling it ourself.

[AlisaWhishie]

"Good news", countries already decide what we able to trade and who is good/who is bad, everything is repeating and leads to the current centralized world, owned by banks. I hope all these restrictions will ruin one day and only people will decide what to trade, where and when.

People who are happy to read this are probably here for income, not for an idea of decenralization, so I can understand their thoughts. As a rule, the prices usually grow after some country approves crypto, but it doesn't matter that it needs any approval just to exist. And now I'm just surprised to see that Ripple is not the only currency in this list. (I avoid calling it crypto and also recommend you to do so, hah).

[bitbink]

This is very good news! Note that in Asia, cryptocurrencies are developing at a faster pace! Of course, the leader in this process is Japan, but it is pleasing that more and more countries are beginning to work with cryptocurrencies at the official level.

[AngelSky]

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/

Apart from Ripple I really happy about the other coins get accepted mate. If you want to invest on the ICO project we need to follow some regulations on it accordingly mate. In that way Thai security commission is like doing job in regulation thought as well bro.

Since thai tourist spot adopting bitcoin as payment mode is really convenient to all the people mate.

[Jobbernowl]

I have always considered Thailand as the best place to relax during the vacation. There cheap prices and awesome nature.
It seems that after this news one more advantage was added. For me, this is very useful news. Now I can probably easily pay bills there using cryptocurrency.
Wow. I will follow the news.

[kolsernik]

more often you can see the news about the legalization of cryptocurrencies.This is very pleasing.All these news suggest that the capitalization of cryptocurrencies will grow and therefore, accordingly, the exchange rate.let's welcome the new player.

[vaso11]

This is a good news. Typically, Thailand does not play a big role in the crypto-world world but they are on the right path

[Hui8]

Wondering why they have selected that much currencies only?
Why not appprve all the crypto currencies if they are going to use it anyway. I mean it’s good decision as these pairs will be available for the trading purpose but I don’t see a lot of use behind this. People will always get stuck at some point when they will need more trading pairs and it may not work properly. So this system might just fail and they may need to declare full list of legalisation.

[cryptotezi]

That's really a great news. I hope and expect all the countries' govt will also take decision in the same way to legalize the transaction of cryptos. Thus it will be a great sector for investment. And development will change the market and the world.

[xianbits]

Wondering why they have selected that much currencies only?
Why not appprve all the crypto currencies if they are going to use it anyway. I mean it’s good decision as these pairs will be available for the trading purpose but I don’t see a lot of use behind this. People will always get stuck at some point when they will need more trading pairs and it may not work properly. So this system might just fail and they may need to declare full list of legalisation.

ETH is unquestionably popular in most ICOs so it is just as right as bitcoin to be included in the list.
I agree with filtering the list with only the most popular altcoins. Approving all means approving even those scam ones.
I believe there will be more additions in due time.

[Nahl]

more legalization then more possible to cryptocurrencies increase the demand because crypto also good as digital asset for long term and people at there probably will concerning for crypto especially for bitcoin and after Singapore open their mind for crypto then probably Thailand also second countries in south east asia who accept crypto

[vintages]

It's a good thing they are not being negative about it unlike most countries. Though, just 7 cryptocurrency is way too small, they are just missing out the good among the best cryptocurrency because judging from the list, ADA (Cardano) isn't among. To me, it seems odd without it being listed. But we all hope that this list might one day includes more coins.

[chandrarahmadewa]

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/

hello my friend
This is good news, and I am sure cryptocurrency in Thailand will grow in the future. This will be good news, especially in Southeast Asia. We look forward to its development.

[rayk]

This is very important news for cryptocurrency market, bitcoin, litecoin and bitcoin cash would be no doubt accepted but ethereum's approval was much more important than other coins' that.

[chipzeru]

Good to see that Thailand is welcome to cryptocurrencies. It's way much better than banning them. Even though it's only seven cryptocurrencies that allowed but i think Thailand's SEC will gradually approve more cryptocurrencies in the future.

[Ayuluv2001]

This is a very good news and maybe it will open the doors to other countries as well.

The fact is no one can deny blockchain is a very good technology that can reduce alot of cost and improve efficiency in long term.

Many years ago no one believe in banks and technology and what has become of earth now?

The history will repeat itself

[AndriyPilipyak]

As we see now a lot of good news in crypto world but market don't grow, money makers don't let grow, but I am sure very soon market recover, be patient and don't sell

[Svelto]

This is a nice move from Thailand. Frankly speaking, I am least expected that Thailand is one of the first few that openly approve crypto since I have the expression that it is a conservative country. I look forward to see crypto adoption in Thailand and shopping with my crypto.

[privedvelosiped]

Wow !!!! great news. The fact that Thailand recognized a few coins is a big breakthrough. May be these coins will rise in price and I would keep these coins in my wallet.

[commander11]

This is a very good news and maybe it will open the doors to other countries as well.

The fact is no one can deny blockchain is a very good technology that can reduce alot of cost and improve efficiency in long term.

Many years ago no one believe in banks and technology and what has become of earth now?

The history will repeat itself

I agree with you, like what happen to internet. Way back 1900s 1950s, no one believes that internet will be useful to this world. Look how internet change the way of living. Same with cryptocurrency. SEC commodity futures already stated that digital assets are nowhere to go and here to stay. It will eventually proliferate every dependent and independent SME, company or individual.

[iAMawi123]

Indeed! This was a great news for all of us! Great decision by Thailand! It's only the start for cryptos. It will help other countries to implement cryptocurrencies as well.

[Anarchist]

Here we go with the doors for the regulations.
I wonder what did they used to approve the coins, and based on what they decided to list them

[TrumpD]

Its about time we receive some good news. This may not cause a rebound in price but at the moment, any good news is positive. Japan led the way last year, hopefully more countries follow suit. Some regulation, especially for icos would also help clean this sector.

[bit..what?]

I think that's a very, very good news for cryoto currencys.
It is again a step towards worldwide acceptance of crypto.

[tyuner4]

Kudos to Thailand for openly accepting crypto currencies, this is really a good new for crypto lovers. I hope to see more Asian countries following Thailand and Japan to support crypto growth.

[sabelakudri]

This is a big step in the southeast asia country, especially Thailand, our hope is this step to be followed by countries that have not legalized Bitcoin or Cryptocurrency.

[arthotdog]

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/

So when will this happen mate?this is one of the great news were having after this downfall again,after few days or growing now bad shapes again for the market prices i dont know what made this like an roller coaster.and this kind of news is being loved by expectation

This is a big step in the southeast asia country, especially Thailand, our hope is this step to be followed by countries that have not legalized Bitcoin or Cryptocurrency.

Well countru like philippines wasnt declaring accepting or banning of crypto but people are allowed to do what they want about cryptocurrency

[Che454010]

I did not know that Thailand is so progressive, this is very good news, I hope this is the beginning of recognition of the crypto currency around the world

[AlisaWhishie]

Wondering why they have selected that much currencies only?
-snip-

ETH is unquestionably popular in most ICOs so it is just as right as bitcoin to be included in the list.
-snip-

I think that ICO was the last thing they cared about, as if they wanted to approve cryptocurrencies as a whole, they wouldn't just pick some of them. It's probably an attempt to forbid ICOs instead of supporting them. Of course, they will say that they just try to save people from scam coins, but aren't we here to make our own choices about the projects we believe in, without anyone's permission?

[Considered]

That's quite a good news for Thailand to embrace cryptocurrency, the platform is still new and any help from countries will go a long way in developing and increasing the ounfluence of cryptocurrency across the globe

[Om.monata]

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/

this news can make a good thing for many coin crypto in asia. I hope not only Thailand is adopting the 7 crypto acceptance but hopefully many countries in the world can accept crypto and there is no crypto ban. this is good news.

[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.

[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