Thailand Securities and Stock Exchange Commission (SEC) proposed radical changes in the listing criteria of local crypto currency exchanges. In a statement on Friday, the Commission has resorted to the public’s opinion in order to adapt to the development context of the local crypto currency sector, to encourage innovative and useful crypto currency offers and to strengthen investor protection measures. Within the scope of recommended revisions, the stock exchanges altcoincan be allowed to list their subcoin’s subcoin. In addition, the names of people listed in the stock exchanges will be made compulsory to explain the names of people. If the revisions come into force, the current Altcoins will have to share this information within 90 days. The Commission will also be mandatory to display warnings in the reporting systems of the stock exchanges in order to monitor signs of the trade of learners from inside. The opinions will be accepted until 21 July.
Outlines the crypto currency changes in Thailand
The most remarkable item of the proposed rules Crypto currency exchangesIt opens a door to listing Altcoins on their platforms. This change may provide stock exchanges to expand new income resources and operations.
Another important revision focuses on increasing transparency. The stock exchanges will be obliged to explain the names of individuals connected to any Altcoin traded on their platforms to the public. This information will be visible in the reporting systems of the stock exchanges and the Thai SEC can be easily monitored by the SEC. This explanation for existing Altcoins will be granted a 90 -day period after the revisions have entered into force. With these measures, it is aimed to prevent potential abuse such as trade of learners.
Thailand’s moves for crypto currency ecosystem
Thailand, crypto currency It has recently taken a series of important steps to advance the ecosystem. In the past week, the government imposed tax exemption from crypto sales for five years to strengthen the country’s economic potential and create opportunities for local entrepreneurs. Deputy Minister of Finance Jurapun Amornvivat “Full -gas forward! The Thai government accelerates its efforts to make the country a global crypto currency center,” he said.
The government also plans to release crypto currency investment Coin worth approximately $ 150 million in this summer. These Coins are expected to offer investors higher return compared to traditional bank deposits. Thailand’s move of the state Blockchain It shows its determination to adopt its technology and search for alternative financing methods.
In order not to fall behind in global competition, Thailand SEC, locally issued in January Bitcoin 
$105,965.78 He announced that the stock market investment funds (ETFs) evaluated allowing to be listed on Thai stock exchanges. The decision had come after the green light to Bitcoin ETFs in global markets, and it was the signal that Thailand wanted to take an active role in this field.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
