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Thailand Stock Exchange rules out cryptocurrency trading

The Thailand Stock Exchange (SET) has ruled out cryptocurrency trading on the platform for digital assets, writes The Bangkok Post.

SET will launch a new site in the second half of 2021. The exchange will list products that investors can evaluate on their own. Other requirements for assets were the maintenance of economic activity and the availability of “benefits” to society.

SET Executive Vice President Kitty Suttiattasil stated that cryptocurrencies do not meet any of the listed criteria. In his opinion, assets like Bitcoin contribute to money laundering and have high volatility.

The Kasikorn Bank division will be responsible for finding and validating products for the new market. The bank cooperates with SET in the field of blockchain projects.

As a reminder, in November 2020, the Securities and Exchange Commission of Thailand authorized the inclusion of cryptocurrency in asset valuation.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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