Thailand, Which Only Approved Bitcoin and Three Altcoins, Added Two More Cryptocurrencies to the List!
The post Thailand, Which Only Approved Bitcoin and Three Altcoins, Added Two More Cryptocurrencies to the List! appeared on BitcoinEthereumNews.com.
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. According to Coindesk, the Thai SEC has recently added the two largest stablecoins, Tether’s USDT and Circle’s USDC, to its list of approved cryptocurrencies. The new regulations will come into force on March 16. Apart from USDT and USDC, the Thai SEC had previously only approved Bitcoin (BTC), Ethereum (ETH), XRP, Stellar (XLM) and some tokens used in the Central Bank of Thailand’s payment system. USDT has a market value of $142 billion, followed by USDC with a market value of $58 billion. Tether said the approval from Thailand paves the way for USDT to gain wider acceptance in Thailand’s financial sector. “The Thailand Securities and Exchange Commission has announced that it has accepted USD₮ as an approved cryptocurrency. “This approval enables USD₮ to be traded domestically, facilitating listing on regulated exchanges and paving the way for USD₮ to be accepted for payments, further advancing the region’s leadership in digital asset innovation.” Tether CEO Paolo Ardoino said: “We greatly value the Thai market and are constantly exploring ways to improve our services and offerings. Our priority is to provide users in Thailand with a secure, transparent and reliable stablecoin experience. We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the country’s digital asset ecosystem by building a strong and sustainable stablecoin infrastructure.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/thailand-which-only-approved-bitcoin-and-three-altcoins-added-two-more-cryptocurrencies-to-the-list/
Filed under: News - @ March 10, 2025 7:27 pm