Copy link
Increase text size
Decrease text size
Link copied

Huobi becomes fifth licensed cryptocurrency exchange in Thailand

Photo: Bangkok Post/Patipat Janthong

Wed, 24 Jul 2019, 12:01 pm UTC

The Thai Securities and Exchange Commission (SEC) has added new players to its list of licensed cryptocurrency exchanges in the country.

On May 14, 2018, the Royal Decree on the Digital Asset Businesses B.E. 2561 (2018) came into effect in Thailand. The legislation, which was enacted to regulate digital asset businesses, stipulated that the SEC will be the main regulator for digital token offering and undertaking of digital asset businesses with the authority to issue relevant rules, conditions and procedures.

Earlier this year, the Ministry of Finance, under the recommendation of the SEC Board, granted digital asset business licenses to four companies. According to the details on the official SEC website, Huobi has become the fifth cryptocurrency exchange to receive a digital asset business license in Thailand.

Huobi has obtained the license under the registered company name Huobi (Thailand) Co., Ltd. The website is currently not operational.

The website also lists the licensed digital asset brokers which include Coins TH, BiTherb, and Bitazza; licensed digital asset dealer Coins Th; and licensed ICO portals which include Longroot, T-BOX, and SE Digital.

The SEC is currently conducting a public hearing on amendments to propose new types of digital asset businesses, conditions and processes for requesting the licenses, and the license fees. The amendments under consideration particularly relate to new types of digital asset businesses including advisory service and fund manager. The consultation period will end on August 20, 2019.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,606.50 (-5.23%)
  • Ethereum (ETH) $256.03 (-8.66%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $375.67 (-9.58%)
  • Bitcoin SV (BSV) $293.77 (-4.82%)
  • Bitcoin (BTC) $9,606.50 (-5.23%)
Feb 20, 2020 (Thursday)
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
US Presidential candidate Michael Bloomberg proposes crypto regulatory framework
IRS invites crypto firms to discuss cryptocurrencies and related issues
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Banking giant Citi backs blockchain trade finance network Contour
Bank of Korea to develop blockchain-based bond management system
Northern Data, Canaan partner to cooperate on AI, blockchain and datacenter operations
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.