• Latest
Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2

Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2

January 10, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2

coinnewsdaily by coinnewsdaily
January 10, 2019
in Business
0
Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Thailand’s Ministry of Finance has granted digital asset business licenses to four crypto firms, while rejecting two other applications.

The news was announced Tuesday by the country’s Securities and Exchange Commission (SEC), which clarified that crypto businesses are regulated under the “Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).”

The four firms receiving licenses include three crypto exchanges, Bitcoin Exchange, Bitkub Online, Satang Corporation (Satang Pro), and one crypto broker-dealer Coins TH Co., the SEC said.

Failing to win a license were Cash2coin and Southeast Asia Digital Exchange (SEADEX). The regulator said the two firms had not met the required standards – for example, custody systems and know-your-customer (KYC) processes were “inconsistent” and the effectiveness of their cybersecurity systems could not be verified.

As a result, Cash2coin and SEADEX will have to cease business operations by Jan. 14, and have been told to return clients’ assets under their custody, the SEC said. The firms can, however, reapply for the license provided the approval criteria are ultimately met.

Meanwhile, the SEC is still considering another application from a firm called Coin Asset. The company has made some executive changes which the SEC considers “material information” for license consideration. Until a decision is made, Coin Asset is permitted to carry out business operations.

Thailand first announced its crypto licensing rules in July of last year, with 20 crypto firms applying for the license within a month. The rules require projects that intend to offer crypto services to gain approval from the SEC before starting operations.

Thai baht coins image via Shutterstock

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Share76Tweet48
Previous Post

Bitmain Poised to Appoint Tech Chief as New CEO, Says Report

Next Post

Lawyers Rush In: New UNH Blockchain Program Nabs Big-Name Speakers

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Lawyers Rush In: New UNH Blockchain Program Nabs Big-Name Speakers

Lawyers Rush In: New UNH Blockchain Program Nabs Big-Name Speakers

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,920.002.46%
  • ethereumEthereum(ETH)$1,776.913.72%
  • tetherTether(USDT)$1.000.15%
  • binancecoinBNB(BNB)$326.560.39%
  • rippleXRP(XRP)$0.3786091.05%
  • cardanoCardano(ADA)$0.540.60%
  • SolanaSolana(SOL)$42.761.79%
  • polkadotPolkadot(DOT)$9.275.43%
  • dogecoinDogecoin(DOGE)$0.0710051.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.50%
  • daiDai(DAI)$1.000.07%
  • matic-networkPolygon(MATIC)$0.931.00%
  • tronTRON(TRX)$0.0705840.91%
  • ethereum-classicEthereum Classic(ETC)$38.221.49%
  • OKBOKB(OKB)$18.410.68%
  • leo-tokenLEO Token(LEO)$4.81-1.74%
  • litecoinLitecoin(LTC)$62.852.32%
  • FTXFTX(FTT)$31.513.09%
  • chainlinkChainlink(LINK)$8.763.99%
  • CronosCronos(CRO)$0.1517662.50%
  • cosmosCosmos Hub(ATOM)$12.084.76%
  • stellarStellar(XLM)$0.121287-3.05%
  • moneroMonero(XMR)$169.093.11%
  • bitcoin-cashBitcoin Cash(BCH)$144.271.67%
  • algorandAlgorand(ALGO)$0.44388021.40%
  • vechainVeChain(VET)$0.0318650.20%
  • filecoinFilecoin(FIL)$8.81-3.93%
  • Internet ComputerInternet Computer(ICP)$8.371.29%
  • tezosTezos(XTZ)$1.920.09%
  • theta-tokenTheta Network(THETA)$1.64-2.65%
  • ElrondElrond(EGLD)$66.970.36%
  • AaveAave(AAVE)$103.460.34%
  • eosEOS(EOS)$1.260.72%
  • bitcoin-cash-svBitcoin SV(BSV)$62.811.33%
  • makerMaker(MKR)$1,144.920.98%
  • zcashZcash(ZEC)$79.8412.74%
  • iotaIOTA(MIOTA)$0.3479620.97%
  • havvenSynthetix Network(SNX)$4.11-0.17%
  • paxos-standardPax Dollar(USDP)$1.00-0.02%
  • neoNEO(NEO)$11.730.55%
  • basic-attention-tokenBasic Attention(BAT)$0.4549933.80%
  • huobi-tokenHuobi(HT)$4.400.23%
  • zilliqaZilliqa(ZIL)$0.0460160.34%
  • PancakeSwapPancakeSwap(CAKE)$4.47-1.00%
  • dashDash(DASH)$57.517.15%
  • wavesWaves(WAVES)$6.19-0.83%
  • KusamaKusama(KSM)$65.37-0.57%
  • bitcoin-goldBitcoin Gold(BTG)$29.461.84%
  • nemNEM(XEM)$0.0525560.69%
  • CompoundCompound(COMP)$64.761.09%
  • qtumQtum(QTUM)$4.21-0.09%
  • yearn-financeyearn.finance(YFI)$11,526.330.17%
  • omisegoOMG Network(OMG)$2.505.77%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • ethlendAave [OLD](LEND)$4.103.48%
  • SushiSushi(SUSHI)$1.561.10%
  • golemGolem(GLM)$0.2747411.17%
  • ontologyOntology(ONT)$0.290985-0.16%
  • digibyteDigiByte(DGB)$0.01432314.67%
  • umaUMA(UMA)$3.101.37%
  • UniswapUniswap(UNI)$2.4438.80%