THELOGICALINDIAN - The Stock Exchange of Thailand SET could become the latest article to access a cryptocurrency trading authorization in the country This account comes as the bourse is reportedly answer to become a accountant agenda asset trading platform
SET Eyes Digital Asset License to Trade Cryptocurrency
According to the Bangkok Post, the SET plans to administer to the Thai Finance Ministry, to access a agenda asset operating license. If granted, the banal barter could authorize its cryptocurrency trading platform.
Reports announce that the bourse is attractive at alpha crypto barter operations afore the end of 2024. For Pattera Dilokrungthirapop, the vice-chair of the SET’s lath of governors, the charge to become complex in the arising agenda abridgement is the capital acumen for the move.
According to Dilokrungthirapop, abounding companies listed on the SET are already advancing licenses to become cryptocurrency broker-dealers. Thus, the SET affairs to liaise with its affiliate companies to assignment out modalities for the proposed cryptocurrency barter platform.
Dilokrungthirapop, who is additionally the armchair of the Association of Securities Companies, says the SET isn’t in a bustle to move advanced with its plans. Commenting on the matter, she explained:
Thailand’s Growing Digital Economy
The SET’s plan to accomplish a accountant cryptocurrency barter belvedere is yet addition archetype of Thailand’s growing agenda economy. Beginning in mid-2018, the government via its Finance Ministry and the Securities and Barter Commission began creating a legal framework for the agenda asset industry.
For Dilokrungthirapop, the SET stands a acceptable adventitious of accepting the authorization based on its cogent basic basin and cachet as a trusted barter operator. Jirayut Srupsrisopa, the CEO of Bitkub Group, agrees with Dilokrungthirapop but highlight’s the SET’s abridgement of acquaintance in the cryptocurrency arena.
Bitkub is one of the four platforms that recently acquired licenses from the Thai SEC to become adapted cryptocurrency exchanges. According to Srupsrisopa, there are additionally affairs of a accessible affiliation amid Bitkub and the SET.
Do you anticipate banal barter operators advancing into the cryptocurrency trading amphitheatre is acceptable for the industry? Let us apperceive your thoughts in the comments below.
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