Stock Exchange of Thailand: Bitcoin exchange for institutional investors, 2020 is coming

the Thailand stock exchange SET working on a new, fully regulated Exchange, the investor digital Assets such as Bitcoin, Altcoins and the Security Token can act. If the Supervisory authority gives its consent, it could go the stock market next year.

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18. March 2019BTC$3.975,43 -0.47%part Facebook Twitter LinkedIn xing mail

A "holistic Ecosystem" to offer the Stock Exchange of Thailand Bitcoin investors. This includes the implementation of all the relevant Services according to the stock exchange chief Pakorn Peetathawatchai. A trading platform, custody services, a so-called E-Wallet and Token Standards for Security Token should belong to the main components of the Ecosystem.

in the third quarter of 2019 to all the technical hurdles and the core infrastructure to be ready for operation. The launch was then planned for the year 2020. The new trade values, be divided into space for digital assets closely to the already existing stock exchange of Thailand.

Thailand wants to progress around Bitcoin, Altcoins, and STO is not

sleepy, "We need to prepare ourselves, to transform our exchange for digital Assets, because the world is changing quickly," says President Pakorn step. Because "if we wait too long, it could already be too late to remain competitive," it says.

you can go To the Exchange for Bitcoin & co. according to Plan at the Start, must be the Thai Supervisory authority SET, however, you Go. Because qua Bitcoin-law, the currencies since may of 2018, Crypto, and whose trade size regulated, obliged exchanges, a licence from the Regulator before the operational side of the business is allowed to start.

SET: Together for Compliance

The ambitious project requires, however, to the assistance of a number of experts from the Space. Thus, for the 27. March, a round table is planned to be able to Express, in the case of the various Stakeholder groups such as regulators, banks, asset managers and FinTechs to the project.

Thailand's government is paving for some time, the way for a crypto-friendly future. The Administration of the South-East Asian country, in order to proceed using the Blockchain against tax evasion. Furthermore, the Central Bank of the country reported rapid progress in the development of their own crypto currency. We reported on it.

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