🇹🇭 20 Thai crypto exchanges have applied for new digital assets licenses

In a news report from Bangkok Post, Rapee Sucharitakul, the secretary-general of the Thailand Securities and Exchange Commission (SEC), said a total of 20 crypto exchanges had already registered for licenses. As CoinDesk had previously reported, rules created to regulate ICOs took effect on July 16th, 2018 after a royal decree was made public in May 2018. As part of the scheme, projects that intend to offer crypto exchange services must also gain approval from the SEC before trading starts. In addition, the SEC said around 50 ICOs have expressed interest in becoming registered to conduct compliant token sales in the country.