Thailand's Ministry of Finance has granted digital asset business licenses to four crypto firms, while rejecting two other applications.
The news was announced Tuesday by the country’s Securities and Exchange Commission (SEC), which clarified that crypto businesses are regulated under the “Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).”
The four firms receiving licenses include three crypto exchanges, Bitcoin Exchange, Bitkub Online, Satang Corporation (Satang Pro), and one crypto broker-dealer Coins TH Co., the SEC said.