The Thai government is now accepting additional cryptocurrencies for use in Initial Coins Offerings (ICOs) and as basic trading partners. Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH) are included in the list with the official statement of the Securities and Exchange Commission (SEC) dated 28.02.19. Previously, Thailand approved the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM).
Bitcoin (BTC) and Co. are regulated in Thailand
All cryptocurrencies listed are in compliance with the national regulations of the country. However, the SEC reiterated that none of the above-mentioned cryptocurrencies are considered legal tender. The resolution is in accordance with the Royal Decree on Digital Asset Business BE 2561.
Thailand is slowly moving its policy towards cryptocurrency announcing a…