When will Thailand’s digital currency go online? (Thailand digital asset exchange DCP)
When will Thailand\’s digital currency go online? According to the Bangkok Post,
When will Thailand’s digital currency go online? According to the Bangkok Post, on June 15th this year, the country’s financial regulator approved Thailand’s first cryptocurrency exchange, “Thai Digital Baht” (TDP). The announcement reveals that there are already over 3 million users trading with Thai Digital Baht. Additionally, many other countries are actively promoting the development and adoption of blockchain technology.
Furthermore, during a meeting of the Bank of Thailand in April, it was mentioned that Thailand would regulate ICOs. The Thai government will announce the legalization of digital currency in mid-July and will officially release a notice next week titled “Prohibition of Banks Engaging in Activities Related to Digital Assets”. This means that any unauthorized or illegal activities may be subject to a maximum of 5 years of imprisonment or fines, but ultimately, compliance with the Electronic Payment Act, including all regulations and requirements related to securities token issuance, must be followed.
Thailand digital asset exchange DCP
Thailand’s digital asset exchange dCP (Digital Currency Exchange) will launch its test version next month. The platform will allow all registered cryptocurrency companies in Thailand to issue tokens and provide token trading services locally. It will also collaborate with local regulatory agencies and fintech companies on related regulations.
Reportedly, dCP is Thailand’s first licensed and regulated digital securities exchange (DCS), providing investors with a legal and compliant choice to participate in Thailand’s emerging market. (Cointelegraph)
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