The Thai Securities and Exchange Commission (SEC) has announced a list of four approved cryptocurrencies for use as base trading pairs in the country. The regulator reportedly took into account factors such as sufficient market liquidity and a well-designed decentralized system.
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4 Cryptocurrencies Approved
The Thai SEC announced on Thursday that Thailand now has four approved cryptocurrencies that can be legally used for investing in initial coin offerings (ICOs) and as base trading pairs against other cryptocurrencies. The SEC wrote:
Currently, there are four cryptocurrencies that can be used for base trading pairs. They are bitcoin (BTC), ethereum (ETH), ripple (XRP), and stellar (XLM).
However, the regulator clarified that approval does not make these…