Thailand legalized 7 Crypto-currency.

[iryboy]

I think this is excellent news for Thailand crypto community and it'll also make a positive impact on cryptocurrencies. At least they start a process so in future they can start adding more cryptocurrencies to the legal framework.

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[Matcuda]

I heard that they are going to legalize them only for the development of various ICO, while they keep everything under strict control. Therefore, this is a very good indicator, due to which there will be less scammers and more attracted investments.

[amrenamren]

Great news, finally regulators are gaining courage and are starting to introduce rules for crypto-currencies. Ice is quietly moving. I hope this example will be followed by other countries besides Thailand, Japan and even those not many that already somehow reacted to new techologies!

[bitcoin31]

If it's true that the counrey of thailand legalize cryptocurrency it is good to us because the price will increase. Because citizens in thailand will invest and they help the price to increase again like today because of the dumping price they have littel affect on the price.

[benedictonathan]

All market players participating in transactions with digital assets must register before August 14, 2018 and then receive approval from the Ministry of Finance. This applies to crypto-exchanges, brokers and dealers, as well as issuers of ICO.

Now this is what I am afraid will happen at the cost of legalization. I am already fine with KYC by private bitcoin exchanges and wallets but national registration to the Ministry of Finance? Now they are building a database of their citizens who are engaging in cryptocurrencies. Possibly outlawing anybody that is not registered and might be called to see if that unregistered person is committing some sort of criminal activity. Not registering to that national database would be fatal to ones ambition to stay anonymous to a currency designed to be "anonymous".

[okan]

Thailand legalized 7 crypto-currencies and approved the requirements for crypto companies.

   The Securities and Exchange Commission (SEC) of Thailand has introduced a legal framework for crypto and ICO, which provides a list of seven crypto-currencies, as well as information on fees and licensing requirements. This is reported by Bangkok Post.
   
   "The SEC has resolved the turnover of seven crypto-currencies used in ICO, which will be traded in pairs.
 This bitcoin (Bitcoin),
                     ether (ETH / USD),
                     Bitcoin Cash (Bitcoin. Cash),
                     Ethereum Classic (ETC / USD),
                     lightcoin (LTC / USD)
                     Ripple (XRP / USD)
                     Stellar »,
- writes the publication, explaining that the approved coins do not conceal transactions, while the anonymity of other crypto-currencies is a serious problem for many governments.

All market players participating in transactions with digital assets must register before August 14, 2018 and then receive approval from the Ministry of Finance. This applies to crypto-exchanges, brokers and dealers, as well as issuers of ICO.

scam news.

 lightcoin (LTC / USD)   i saw that, and i quit reading. please be careful when you bting these news such this platforms.

[_bitcoin_papa_]

This is of course good news for cryptocurrency investors, but I was a little alarmed by the fact that there is talk about the openness of Bitcoin. Isn't bitcoin anonymous?