Thailand’s stock exchange ventures into cryptocurrency trading

Thailand’s Stock Exchange Ventures Into Cryptocurrency Trading
Stock Exchange of Thailand © Arno Maierbrugger

The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange in order to capitalise on sustained interest of traders in cryptocurrencies, the Bangkok Post reported.

Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, the report revealed that the national stock exchange plans to apply for a digital asset operating license from the country’s ministry of finance within the year.

According to the plan, SET’s member securities firms will be able to apply to become brokers and dealers for trading on the new digital asset exchange. The exchange will work to have a sound technical system in place for the offering, as well as a digital wallet for token storage, with the aim being to launch later this year.

If the plan becomes reality, the SET will be one of a few global stock exchanges to set up a digital asset exchange alongside a conventional stock exchange.

The SET and its members already kicked off a first roadshow and seminars for digital business. Information will be provided about the SET’s policy on digital asset exchanges and the trends of artificial intelligence and robo-trading.

 

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[caption id="attachment_32419" align="alignleft" width="300"] Stock Exchange of Thailand © Arno Maierbrugger[/caption] The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange in order to capitalise on sustained interest of traders in cryptocurrencies, the Bangkok Post reported. Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, the report revealed that the national stock exchange plans to apply for a digital asset operating license from the country’s ministry of finance within the year. According to the plan, SET’s member securities firms will be able to apply to become brokers and dealers for trading on...

Thailand’s Stock Exchange Ventures Into Cryptocurrency Trading
Stock Exchange of Thailand © Arno Maierbrugger

The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange in order to capitalise on sustained interest of traders in cryptocurrencies, the Bangkok Post reported.

Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, the report revealed that the national stock exchange plans to apply for a digital asset operating license from the country’s ministry of finance within the year.

According to the plan, SET’s member securities firms will be able to apply to become brokers and dealers for trading on the new digital asset exchange. The exchange will work to have a sound technical system in place for the offering, as well as a digital wallet for token storage, with the aim being to launch later this year.

If the plan becomes reality, the SET will be one of a few global stock exchanges to set up a digital asset exchange alongside a conventional stock exchange.

The SET and its members already kicked off a first roadshow and seminars for digital business. Information will be provided about the SET’s policy on digital asset exchanges and the trends of artificial intelligence and robo-trading.

 

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