Thai stock exchange wants to launch tokens trading platform

news@eBitcoinics.com   20 Jan, 2019   news.eBitcoinics.com   Views: 303

The Thailand Stock Exchange House (SET) plans to capitalize the interest of its investors in cryptocurrencies by offering a new platform for the exchange of digital assets.

According to a report from the Bangkok Post on Thursday, the SET is interested in applying for a license to operate a platform of this type by the Ministry of Finance.

This initiative comes at a time when the exchange house wants to capture the growing demand from investors for cryptocurrencies, said Pattera Dilokrungthirapop, vice president of the SET board, in the report.

The house of change will work to develop a high-tech system for this service, in addition to offering a digital wallet to protect the tokens, aspiring to enter the market this year.


Pattera, who also serves as president of the Association of Securities Companies, added that the companies assigned to the SET plan to apply for a broker's license to exchange assets in this new platform.

Also, remember that in May of last year the SET launched a fund-raising market built on blockchain technology.

This service, called LiVE, uses blockchain technology to enable peer-to-peer trading in an initiative to help startups obtain new capital from their investors, including those from investment companies and institutional investors.

On the other hand, last week the Ministry of Finance of the nation granted license for business of digital assets to four companies, namely, Bitcoin Exchange, Bitkub Online, Satang Corporation (Satang Pro), and Coins TH Co.

The other two companies, Cash2coin and Southeast Asia Digital Exchange (SEADEX), did not have the same luck, and the entity is still analyzing an application of Coin Asset.

Likewise, although the Ministry grants the licenses, the Exchange and Securities Commission of the country is in charge of regulating the cryptocurrency businesses.

The government of Thailand announced the creation of this license in July of last year, which led to 20 cryptocurrency companies to apply for it in the month following its creation.




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