The Thai Securities and Exchange Commission has approved the use of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Stellar (XLM) for investments in Initial Coin Offerings (ICOs) and base trading pairs. However, it should be noted that “the announcement of such a cryptocurrency list is not a certification of their legal tender status”, the recently published report says.
At present, Thailand has three licensed crypto exchanges - Bitcoin Exchange (Bx), Bitkub Online (Bitkub), and Satang Corporation (Satang Pro) - and one broker-dealer, Coins Th Co. Ltd.