Thailand is expanding its regulated cryptocurrency framework, aiming to foster safe and legitimate digital asset trading. The Securities and Exchange Commission (SEC) has added stablecoins USDT and USDC to its approved trading list, which already includes established cryptocurrencies like Bitcoin, Ether, Ripple, and Stellar.
This move reflects Thailand’s commitment to creating a clear regulatory environment for crypto adoption within the country. By approving stablecoins, the SEC aims to provide traders with access to assets perceived as more stable and secure, facilitating smoother transactions and settlements within the regulated financial system. The SEC’s focus is on distinguishing credible and low-risk cryptocurrencies, encouraging responsible trading practices and protecting investors from potential scams or volatile assets. This approach paves the way for broader integration of digital assets into Thailand’s financial ecosystem.
