Thai Regulators Approve Cryptocurrencies as Business Capital

Thai Regulators Approve Cryptocurrencies as Business Capital

By Abhimanyu Krishnan | News | 19 Nov 2020

Thailand’s financial regulators have approved new regulation that would allow businesses to classify cryptocurrency holdings as business capital, according to a report from local media outlet the Bangkok Post published on Nov. 18.

  • Thailand’s Securities and Exchange Commission (SEC) altered its net capital (NC) rules to support digital assets trading and general trading volume 
  • The regulatory body noted that the country’s stock exchanges had seen a surge in trading volume following the US election, and that the new regulation would support this increased volume
  • One of the changes allows for cryptocurrencies to be counted as capital funds; however, the maximum amount calculable for digital assets to a firm's NC is 50% of the asset value
  • Businesses will also be expected to hold more than 1% of the capital funds in a cold wallet and 5% of client funds in another wallet 
  • The alterations are expected to free up liquidity for firms that are looking to support digital currencies; the SEC stated that some of these companies had approached it to discuss the launch of a cryptocurrency exchange

How do you rate this article?



Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.