The Securities and Exchange Commission (SEC) has revealed the names of seven businesses seeking licences to operate digital asset businesses.
During the consideration process by the SEC, these seven businesses are allowed to operate their digital asset businesses because they submitted their requests within 90 days after the digital asset royal decree took effect on May 14.
The five businesses seeking licences to operate as digital asset exchanges are Bitcoin Co Ltd (bx.in.th); Bitkub Online Co Ltd (bitkub.com); Cash2Coins Co Ltd (cash2coins.com); Satang Corporation Co Ltd (tdax.com); and Coin Asset Co Ltd (coinasset.co.th).
Two businesses seeking licences to operate as digital asset dealers are Coins TH Co (coins.co.th) and Digital Coin Co Ltd (thaiwm.com).
The SEC is also reviewing the information for two other digital asset business operators that have applied for operating licences.
The SEC will assess qualifications of these seven businesses before forwarding their applications to the Finance Ministry to issue operating licences.
"Investing in digital assets comes with high risk," said SEC secretary-general Rapee Sucharitakul. "Those who are interested in this type of investment must be knowledgeable and can bear the risk."