Thailand grants operating licenses to four crypto exchanges

posted 14 days ago
Thailand’s Finance Ministry has granted operating licenses to four cryptocurrency-related businesses in the country. Among the four crypto businesses, three – Bitcoin Co, Bitkub Online Co Ltd, and Satang Corporation Co Ltd – will operate as cryptocurrency exchanges, while one – Coins TH Co Ltd – has received a license to officially operate as a broker/dealer of cryptocurrencies.

Another crypto exchange - Coin Asset Co – has their application in the pipeline of the Finance Ministry for approval while the exchange's business practices are being assessed. With the recent developments, the crypto exchanges in Thailand are optimistic and believe this will encourage institutional investors to consider crypto investments.
Tags: bitcoin, news