The crypto industry is booming in Thailand and Southeast Asia as regulatory authorities validate the industry with proper regulation.
The SEC in Thailand has been very proactive about regulating crypto businesses in the region, and has just recently announced that the Ministry of Finance granted 4 crypto businesses digital asset licenses.
Per the announcement, the SEC stated that 7 crypto-related businesses applied for the proper license to operate in the country under the Emergency Degree on Digital Asset Businesses B.E. 2561 (2018). Prior to the Ministry of Finance’s decision to grant the licenses, these businesses were granted provisional rights to operate.
The crypto-related businesses who were approved licensing include 3 crypto exchanges: Bitcoin Exchange Co Ltd, Bitkub Online Co Ltd, Satang Corporation, and 1 digital asset broker, Coins TH Co Ltd.
As for the other 3 applicants, 2 of them — Cash2coin Co Ltd and Southeast Asia Digital Exchange Co Ltd (SEADEX) — were…