Thailand Officially Recognizes Four Cryptocurrency Trading Pairs

by Admin on May 21, 2019

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Thailand’s Securities and Exchange Commission (SEC) has officially recognized four cryptocurrency trading pairs to be used on domestic exchanges and through fiat brokers.

The legitimized coins include Bitcoin, Ethereum, Ripple, and Stellar Lumens.

The originally proposed list of cryptocurrencies being looked at by the SEC also included Bitcoin Cash, Ethereum Classic, and Litecoin.

According to lawyers in Thailand, Although these coins can now be traded, cryptocurrencies are still not allowed to be used in Thailand to settle debts or make payments.

The Thai SEC’s goal in selecting approved trading pairs was to pick only cryptocurrencies with the best liquidity and decentralization.

As of now, only one fiat broker has been accepted to operate in Thailand, as well as only three crypto exchanges.

Read the full story here.

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