Government Another Crypto Exchange Approved

The Thai Securities and Exchange Commission has approved another crypto exchange to legally operate in the country. There are now six exchanges that have been granted approval. Meanwhile, the government is considering maintaining its own wallet in order to confiscate cryptocurrencies from illegal sources.

Another Crypto Exchange Approved
Thai Government Approves Crypto Exchange, Wants Own WalletThe Thai Securities and Exchange Commission (SEC), Thailand’s main crypto regulator, announced on Thursday, September 6, that another cryptocurrency firm has been approved to legally operate in the country.

Southeast Asia Digital Exchange Co. Ltd. (Seadex) has become the sixth legal crypto exchange in Thailand. After reviewing Seadex’s information and concluding that the business existed before May 14 when the regulation took effect, the SEC granted approval to the exchange.

Thai Government Approves Crypto Exchange, Wants Own WalletThe regulator allows crypto firms that were in business before the enforcement of the crypto regulation to continue operating while their applications are being reviewed, providing that they applied for approval before August 14.

Last month, the regulator approved seven crypto firms, five of which were crypto exchanges.