..

Thailand SEC Announces Cryptocurrency Regulations: 7 Allowed Coins

Written by:
Guest
Published on:
Jun/09/2018

The Securities and Exchange Commission of Thailand has announced its plans to regulate cryptocurrencies through the monitoring of initial coin offerings (ICOs), licensing requirements and fees.

At the onset there will only be seven permitted cryptocurrencies.  These include bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

“Some of the main criteria used by the SEC to assess cryptocurrency trading pairs,” the news outlet detailed, are the “consensus credibility and cryptocurrency liquidity.” Thai Rath publication added that these seven cryptocurrencies are approved because they do not promote privacy.

Last month, Thailand’s Revenue Department announced that it will waive the 7% value-added tax for individual cryptocurrency investors.

This week, Gambling911.com looked at the potential of Thailand residents to bet the upcoming FIFA World Cup online using bitcoin and other cryptocurrencies

Coins.co.th has been operating from the country and is considered to be among the most convenient ways to buy and sell bitcoin.

Business/Financial News

MGM National Harbor Debuts “Casino Al Fresco”

MGM National Harbor Debuts “Casino Al Fresco”

Panoramic views of Northern Virginia married with the thrill of the next jackpot create a one-of-a-kind venue that can only be experienced at MGM National Harbor. Today, the integrated resort across the Potomac River from Washington, D.C. debuts an outdoor gaming terrace where guests can enjoy their favorite slot games in an unmatched setting.

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Syndicate