Thailand approves 7 cryptocurrency

[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.