Thailand is finally getting its own crypto exchange. According to an official announcement on the agency’s platform, the Stock Exchange of Thailand (SET has officially confirmed that it is in the process of developing its very own digital asset platform.
The agency initially revealed its plans to apply with the Ministry of Finance for a license to launch an official cryptocurrency exchange back in January. If this new announcement is anything to go by, it would seem that the approval was given.
At the time, Pattera Dilokrungthirapop, Vice Chairwoman of the agency’s board of governors, pointed out that the move was an attempt to take advantage of the increasing demand for crypto assets by Thailand-based investors.
Transforming the Native Capital Market
Per the new announcement, the stock exchange is part of a bigger plan to orchestrate a complete transformation of the country’s capital market.
It plans to work “closely and collectively” with major players in the country’s capital market in its bid to develop an…