The Kingdom of Thailand's only stock exchange plans to establish a new cryptocurrency exchange!
Thailand Stock Exchange (SET) Plans to Establish a Cryptocurrency Exchange
Thai major media, Bangkok Post, reported on January 17 that the Stock Exchange of Thailand (SET) is planning to establish a new cryptocurrency exchange,
and is moving forward with applying for a digital asset operating license (hereafter, the license) from the Ministry of Finance within 2019.
There are several companies in Thailand that have obtained licenses, but the SET is not among them, and
if the license is actually granted, it would become one of the few companies operating a cryptocurrency exchange as a securities exchange.
Mr. Pattera Dilokrungthirapopo, Vice Chairman of the SET Board and President of the Association of Securities Companies, commented on the SET's license acquisition as follows.
Mr. Pattera Dilokrungthirapopo
“Some member companies of the Bangkok SET are already engaged in core cryptocurrency businesses, so we (SET) are not rushing to enter the digital currency business in particular.
However, cryptocurrency is an asset class that brokers can adapt to as a trading platform for digital currencies.
We believe that helping investors deepen their understanding of this asset class (cryptocurrencies) will contribute to the growth of digital assets.”
【Table of contents for this article】
1. Thailand Stock Exchange (SET) Plans to Establish a Cryptocurrency Exchange
2. What is the One and Only Stock Exchange (SET)?
3. The Purpose of the SET Obtaining a License
4. Cryptocurrency Development in Thailand
5. Articles Related to Stock Exchanges
6. Related Articles You Should Read Now
