Comprehensive
Comparisons

Live Crypto Data & News

Crypto Business
Directory

Thailand's New Rules Help Securities Companies Launch Crypto ExchangesCryptocurrencies accepted here.

 ▹ Crypto News - Selected / Posted 5 months ago / 94 views

Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers.

New Thai Rules and Crypto Exchanges

The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules which help securities companies provide crypto services, the Bangkok Post reported Wednesday.

“The revised NC rules are expected to help free up liquidity for securities firms that plan to enter new business such as open digital or cryptocurrency exchanges,” the publication conveyed, adding that some securities companies have consulted with the SEC to launch a cryptocurrency exchange.

Securities companies operating crypto businesses will be allowed to calculate the net capital funds with the value of these cryptocurrencies. “The maximum amount calculable for digital assets to a firm’s NC is 50% of the asset value,” the publication noted. The new rules will also count crypto assets as capital funds.

For securities companies that operate crypto businesses and stores crypto assets for their customers, the rules require them “to maintain more than 1% of the cold wallet’s capital funds (offline system) and 5% of the client’s assets stored on another system (hot wallet or online system).” For crypto companies that do not provide crypto custody service, “the NC requires shareholders’ equity to be over 500,000 baht [$16,469].”

15 Crypto Firms Approved

The Thai Royal Decree on the Digital Asset Businesses B.E. 2561 regulates the cryptocurrency sector in Thailand. It categorizes crypto businesses into three types: “digital asset exchange,” “digital asset broker,” and “digital asset dealer.” There is also a separate category for initial coin offering (ICO) portals.

A total of 15 cryptocurrency service providers have been licensed to legally operate in the country, according to the Thai SEC’s website. Some companies have received more than one license.

Eight companies are licensed to operate digital asset exchanges: Bitkub, BX, Satang Pro, Huobi, ERX, Zipmex, Upbit, and Z.com Ex. Five companies are licensed to act as digital asset brokers: Coins TH, Bitazza, Kulap, Upbit, and Z.com Ex. Four companies are approved to operate ICO portals: Longroot, T-box, SE Digital, and Bitherb.

What do you think about Thailand’s crypto regulation? Let us know in the comments section below.

 

  • As of: : Nov 20, 2020
  • 🟢 THIS ARTICLE HAS BEEN PUBLISHED FROM A WIRE AGENCY FEED : WITHOUT MODIFICATIONS TO THE TEXT.
  • Ⓒ AUTHOR OF THIS ARTICLE : KEVIN HELMS - https://news.bitcoin.com/author/kevin-helms/
  • 🖥 SOURCE LINKS : https://news.bitcoin.com/thailand-rules-crypto-exchanges/
  • 🗿 IMAGES & CHARTS COURTESY OF : Shutterstock, Pixabay, Wiki Commons, Bitcoin.com
  • ⚖️ OVERALL SAFETY & TRUSTWORTHINESS (5-STAR RATING) : ★★★★★
  • 🎡 TWITTER USERNAME/HANDLE FOR FEEDS : @BTCTN
Contact details

⇦🌎⇨ Globally Located http://Bitcoin.com

Contact this listing owner

Please, login to contact this listing owner.

The SEC says it remains very supportive of fintechs having invested so much in developing a framework for supporting such fintechs. #Bitcoin https://zpr.io/RM7p5

"The item would establish a task force that could delve into the feasibility of using #cryptocurrency in Miami-Dade County," District 8 county commissioner Danielle Cohen Higgins said. #Bitcoin https://zpr.io/RMqF8

Bloomberg wrote an article headlined “WallStreetBets Bows to Crypto Wave, Allows Bitcoin Discussion” that was not to the liking of Wallstreetbets. https://zpr.io/RMGSd

Strict regulatory rulings restrict Brazilian small investors from exposure to the crypto market due to the “high risks” it possesses. #Cryptocurrency https://zpr.io/RMzD6

At 11:00 a.m. (EST), #dogecoin (DOGE) markets captured the 5th market position in terms of market valuation. https://zpr.io/RMRX9

“Even if it doesn't practically matter, it is still a violation of community trust in #Bitcoin Core,” Luke Dashjr told software developer Jeremy Rubin. https://zpr.io/RM7cc

The Fed chair proceeded to compare cryptocurrency to gold. He said that “For thousands of years, human beings have given gold a special value that it doesn’t have.” https://zpr.io/RM6VM

The securities regulator says at the conclusion of its engagements with the #CBN, stakeholders will be informed of the outcome. #Bitcoin https://zpr.io/RM7p5

Besides banning cryptocurrency use for payments, the new Turkish regulation says "No service can be provided for direct or indirect use of crypto assets in payments." #bitcoin #cryptocurrency https://zpr.io/RMUMK

"If we were to have a tech or innovation park [in South Dade], that would be really helpful,” Miami's District 8 county commissioner Danielle Cohen Higgins said. #Bitcoin https://zpr.io/RMqF8

While #DOGE hit $0.30 today, #BCH is up 7.45% and touched a high of $954 last night across global exchanges. https://zpr.io/REV9V

The decision of allowing #Bitcoin, ETH, and dogecoin (DOGE) discussions by Wallstreetbets attracted lots of comments into the statement’s thread. https://zpr.io/RMGSd

Ukraine has a significant portion of the crypto mining market share. According to the expert, the country has 30% of the #Bitcoin mining market. https://zpr.io/REchP

"What people call #cryptocurrencies, they're really vehicles for speculation. No one is using them for payments, for example, like the dollar," said Fed Chair Powell. #bitcoin #crypto https://zpr.io/RM6VM

The ETF is expected to legally expose South African institutional investors to #bitcoin. https://zpr.io/RE5HW

Turkey has issued new regulation banning the use of crypto assets for payments, both directly and indirectly. #bitcoin #cryptocurrency https://zpr.io/RMUMK

Both #dogecoin and #BCH have seen significant 24-hour gains as DOGE is still up 130.58%, and bitcoin cash is up over 7%. https://zpr.io/REV9V

Super-quarterback Tom Brady launching his own #NFT initiative, Terra Virtua releasing a Godzilla vs. Kong NFT line, and even Annoying Orange is NFTing. https://zpr.io/RELq8

Load More...

Averaged Rating

0
(0)

How useful was the contents of this page?

Click on a star to rate it!

We are sorry that this listing was not useful for you!

Let us improve this listing!

Tell us how we can improve this listing?

 

☕️ SOCIAL COMMENTS


Start advertising / promote all your crypto related businesses / organizations at 'Bullxo Cryptocurrency Network (BullxoNet)'. All free, no strings attached!
              

About Us, BullxoNet ★ We are a passionate, bull hugging and kissing team with a high standard ethical code of conduct striving for the adoption of cryptocurrencies into the mainstream. Let's successfully achieve the 4th industrial revolution and change the whole world together with cryptocurrencies and blockchain! Join today to contribute to this revolution while accessing all of our free and up-to-date data and services for your success with cryptocurrencies!

Internal Links - Top-50 Out of 234 Cryptocurrency Exchanges:  ‣ Binance ‣ OKEx ‣ ZB.COM ‣ DigiFinex ‣ BW ‣ HitBTC ‣ CoinBene ‣ Huobi ‣ Bithumb ‣ Bibox ‣ IDAX ‣ Bit-Z ‣ LBank ‣ EXX ‣ OEX ‣ P2PB2B ‣ Negocie Coins ‣ DOBI trade ‣ BitMart ‣ LATOKEN ‣ BCEX ‣ OOOBTC ‣ CoinTiger ‣ RightBTC ‣ TOPBTC ‣ IDCM ‣ ChaoEX ‣ Upbit ‣ Simex ‣ LocalTrade ‣ DragonEX ‣ KKCoin ‣ CoinEgg ‣ Allcoin ‣ JEX ‣ Bitfinex ‣ Sistemkoin ‣ CoinMex ‣ Gate.io ‣ Coinbase Pro ‣ Exrates ‣ Bitinka ‣ Hotbit ‣ Kraken ‣ Cryptobulls ‣ Bitstamp ‣ ABCC ‣ Kryptono ‣ Fex ‣ Bittrex

Internal Links - Top-100 Out of 1,900 Cryptocurrencies:  ‣ Bitcoin ‣ Ethereum ‣ XRP ‣ EOS ‣ Litecoin ‣ Bitcoin Cash ‣ Binance Coin ‣ Cardano ‣ Tether ‣ Stellar ‣ TRON ‣ Monero ‣ Dash ‣ Bitcoin SV ‣ Tezos ‣ IOTA ‣ Ontology ‣ Ethereum Classic ‣ NEO ‣ Maker ‣ NEM ‣ Basic Attention Token ‣ OKB ‣ Zcash ‣ VeChain ‣ USD Coin ‣ Dogecoin ‣ Bitcoin Gold ‣ Augur ‣ Decred ‣ Holo ‣ Lisk ‣ OmiseGO ‣ TrueUSD ‣ Waves ‣ Nano ‣ Qtum ‣ Nectar ‣ ChainLink ‣ 0x ‣ Bitcoin Diamond ‣ Zilliqa ‣ ICON ‣ Ravencoin ‣ Bytecoin ‣ Paxos Standard ‣ IOST ‣ Bytom ‣ aelf ‣ BitShares ‣ Enjin ‣ DigiByte ‣ Aeternity ‣ Pundi X ‣ Verge XVG ‣ Komodo KMD ‣ Siacoin SC ‣ KuCoin Shares KCS ‣ Steem ‣ Huobi Token ‣ Dai ‣ Stratis ‣ Status ‣ Factom ‣ Mixin ‣ Crypto.com ‣ Golem ‣ MonaCoin ‣ Theta Network ‣ Decentraland ‣ Ark ‣ WAX ‣ Ardor ‣ Aurora ‣ GXChain ‣ Waltonchain ‣ DigixDAO ‣ ODEM ‣ Ultrain ‣ MaidSafeCoin ‣ Reddcoin ‣ Dent ‣ Aion ‣ Gemini Dollar ‣ HyperCash ‣ Zcoin ‣ Power Ledger ‣ Electroneum ‣ Nebulas ‣ Loopring ‣ Horizen ‣ QASH ‣ Revain ‣ Elastos ‣ NEXO ‣ QuarkChain ‣ Loom Network ‣ Loom Network ‣ Populous ‣ PIVX


Copyright ©2019 All rights reserved | This website is provided with love by BullxoNet.