Breaking: Thailand’s SEC Actually REMOVED Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum Classic (ETC) from Crypto’s Eligible for ICO Fundraising
Abhimanyu Krishnan's original article for www.investinblockchain.com reduced by 54%
Reports have been floating on the internet that the Thai Securities and Exchange Commission has approved the Ethereum Classic, Litecoin and Bitcoin Cash tokens as base pairs for trading, and for ICO fundraising. What has actually transpired is the exact opposite as the Thai SEC has actually removed these tokens from the list of ICO investments and base trading pairs. This latest update has resulted in the total of four cryptocurrencies for ICO investments and base trading pairs, namely Bitcoin, Ethereum, Ripple and Stellar.
Three other cryptocurrencies have been removed from the list, namely Bitcoin Cash, Ethereum Classic and Litecoin. In any case, the list update has no impact on investors or digital asset businesses because so far no ICO has been launched and the operating digital asset exchanges have never used BCH, ETC or LTC as base trading pairs. The Thai regulatory body now only allows Bitcoin, Ethereum, Ripple and Stellar, and stresses that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.
Deputy Prime Minister Wissanu Krea-ngam has called for more cryptocurrency regulation to prevent the exploitation of cryptocurrencies.
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CN [too long; didn’t read]
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