Thailand approves 7 cryptocurrency - page 2.

arthotdog

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Quote from: Nalbo on June 10, 2018, 04:04:16 AM

The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.

The SEC will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/

So when will this happen mate?this is one of the great news were having after this downfall again,after few days or growing now bad shapes again for the market prices i dont know what made this like an roller coaster.and this kind of news is being loved by expectation

Quote from: sabelakudri on June 10, 2018, 12:25:45 PM

This is a big step in the southeast asia country, especially Thailand, our hope is this step to be followed by countries that have not legalized Bitcoin or Cryptocurrency.

Well countru like philippines wasnt declaring accepting or banning of crypto but people are allowed to do what they want about cryptocurrency

sabelakudri

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This is a big step in the southeast asia country, especially Thailand, our hope is this step to be followed by countries that have not legalized Bitcoin or Cryptocurrency.

tyuner4

full member

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Kudos to Thailand for openly accepting crypto currencies, this is really a good new for crypto lovers. I hope to see more Asian countries following Thailand and Japan to support crypto growth.

bit..what?

jr. member

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I think that's a very, very good news for cryoto currencys.
It is again a step towards worldwide acceptance of crypto.

TrumpD

sr. member

Activity: 602

Merit: 265

Its about time we receive some good news. This may not cause a rebound in price but at the moment, any good news is positive. Japan led the way last year, hopefully more countries follow suit. Some regulation, especially for icos would also help clean this sector.

Anarchist

sr. member

Activity: 531

Merit: 258

Here we go with the doors for the regulations.
I wonder what did they used to approve the coins, and based on what they decided to list them

iAMawi123

member

Activity: 350

Merit: 11

Indeed! This was a great news for all of us! Great decision by Thailand! It's only the start for cryptos. It will help other countries to implement cryptocurrencies as well.

commander11

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Merit: 250

Quote from: Ayuluv2001 on June 10, 2018, 11:02:06 AM

This is a very good news and maybe it will open the doors to other countries as well.

The fact is no one can deny blockchain is a very good technology that can reduce alot of cost and improve efficiency in long term.

Many years ago no one believe in banks and technology and what has become of earth now?

The history will repeat itself

I agree with you, like what happen to internet. Way back 1900s 1950s, no one believes that internet will be useful to this world. Look how internet change the way of living. Same with cryptocurrency. SEC commodity futures already stated that digital assets are nowhere to go and here to stay. It will eventually proliferate every dependent and independent SME, company or individual.

privedvelosiped

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Activity: 434

Merit: 108

Wow !!!! great news. The fact that Thailand recognized a few coins is a big breakthrough. May be these coins will rise in price and I would keep these coins in my wallet.

Svelto

sr. member

Activity: 686

Merit: 257

This is a nice move from Thailand. Frankly speaking, I am least expected that Thailand is one of the first few that openly approve crypto since I have the expression that it is a conservative country. I look forward to see crypto adoption in Thailand and shopping with my crypto.

AndriyPilipyak

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Activity: 336

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As we see now a lot of good news in crypto world but market don't grow, money makers don't let grow, but I am sure very soon market recover, be patient and don't sell

Ayuluv2001

jr. member

Activity: 196

Merit: 1

This is a very good news and maybe it will open the doors to other countries as well.

The fact is no one can deny blockchain is a very good technology that can reduce alot of cost and improve efficiency in long term.

Many years ago no one believe in banks and technology and what has become of earth now?

The history will repeat itself

chipzeru

member

Activity: 686

Merit: 39

Good to see that Thailand is welcome to cryptocurrencies. It's way much better than banning them. Even though it's only seven cryptocurrencies that allowed but i think Thailand's SEC will gradually approve more cryptocurrencies in the future.

rayk

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Activity: 448

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This is very important news for cryptocurrency market, bitcoin, litecoin and bitcoin cash would be no doubt accepted but ethereum's approval was much more important than other coins' that.

chandrarahmadewa

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Quote from: Nalbo on June 10, 2018, 04:04:16 AM

The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.

The SEC will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar.

https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/

hello my friend
This is good news, and I am sure cryptocurrency in Thailand will grow in the future. This will be good news, especially in Southeast Asia. We look forward to its development.

vintages

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Activity: 966

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It's a good thing they are not being negative about it unlike most countries. Though, just 7 cryptocurrency is way too small, they are just missing out the good among the best cryptocurrency because judging from the list, ADA (Cardano) isn't among. To me, it seems odd without it being listed. But we all hope that this list might one day includes more coins.

Nahl

legendary

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more legalization then more possible to cryptocurrencies increase the demand because crypto also good as digital asset for long term and people at there probably will concerning for crypto especially for bitcoin and after Singapore open their mind for crypto then probably Thailand also second countries in south east asia who accept crypto

xianbits

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Merit: 257

Quote from: Hui8 on June 10, 2018, 10:30:14 AM

Wondering why they have selected that much currencies only?
Why not appprve all the crypto currencies if they are going to use it anyway. I mean it’s good decision as these pairs will be available for the trading purpose but I don’t see a lot of use behind this. People will always get stuck at some point when they will need more trading pairs and it may not work properly. So this system might just fail and they may need to declare full list of legalisation.

ETH is unquestionably popular in most ICOs so it is just as right as bitcoin to be included in the list.
I agree with filtering the list with only the most popular altcoins. Approving all means approving even those scam ones.
I believe there will be more additions in due time.

cryptotezi

newbie

Activity: 140

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That's really a great news. I hope and expect all the countries' govt will also take decision in the same way to legalize the transaction of cryptos. Thus it will be a great sector for investment. And development will change the market and the world.

Hui8

sr. member

Activity: 602

Merit: 259

Wondering why they have selected that much currencies only?
Why not appprve all the crypto currencies if they are going to use it anyway. I mean it’s good decision as these pairs will be available for the trading purpose but I don’t see a lot of use behind this. People will always get stuck at some point when they will need more trading pairs and it may not work properly. So this system might just fail and they may need to declare full list of legalisation.

Topic: Thailand approves 7 cryptocurrency - page 2. (Read 428 times)