Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom.
On Aug. 4, it was reported in local media that the SEC had granted operating licenses to four more digital asset operators.
These include Krungthai XSpring, a crypto broker affiliated with one of the country’s leading banks, and crypto exchange T-BOX Thailand. Also winning regulatory approval was crypto advisor and fund manager Coindee and Leif Capital Asset Management, which also manages funds.
The four firms have yet to commence operations, however, as the regulator still needs to inspect their operations.
Thailand now has 21 fully regulated digital asset operators comprising nine exchanges, nine brokers, and three fund managers. Thailand’s military-backed government has been largely tolerant of cryptocurrencies despite the central bank’s efforts to restrict them.
The report noted that another major player is waiting to enter the burgeoning Thai...
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