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Association of Thai Securities Companies Considers Launching Joint Crypto Exchange

The Affiliation of Thai Securities Corporations (ASCO) is thinking about setting up a joint cryptocurrency trade, with plans for a number of corporations to use in combination for a crypto trade license, native information outlet Bangkok Submit studies July 2.

Pattera Dilokrungthirapop, ASCO chairperson, instructed the Bangkok Submit that a number of Thai securities corporations will follow for a joint crypto running license with the Thai Securities and Alternate Fee (Thai SEC) in an effort to cut back prices and proportion applied sciences.

With only a securities trade license, corporations can grow to be virtual property agents and sellers, in addition to perform virtual token e-wallets. On the other hand, the securities corporations should adequately separate the corporate’s property with a correct investor assets preservation machine.

Dilokrungthirapop instructed the Bangkok Submit that crypto traders “will desire buying and selling with us,” as securities buying and selling is very similar to virtual asset buying and selling, and “we’ve been within the securities buying and selling trade for a very long time.

Dilokrungthirapop added that ASCO securities corporations also are considering Preliminary Coin Choices (ICO) portals, and that the group would paintings with the Thai SEC with the purpose of permitting securities corporations to enlarge operations into the virtual asset box.

In mid-Would possibly, Thailand’s felony framework for cryptocurrencies got here into power, defining cryptocurrencies as “virtual property and virtual tokens” and bringing them beneath the jurisdiction of the Thai SEC.

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