{"id":26508,"date":"2024-08-12T19:00:01","date_gmt":"2024-08-12T16:00:01","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26508"},"modified":"2024-08-12T12:45:20","modified_gmt":"2024-08-12T09:45:20","slug":"thailands-sec-launches-crypto-sandbox-for-bitcoin-firms","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/thailands-sec-launches-crypto-sandbox-for-bitcoin-firms\/","title":{"rendered":"Thailand&#8217;s SEC Launches Crypto Sandbox for Bitcoin Firms"},"content":{"rendered":"<p>As <strong>Thailand<\/strong> is exploring the thin line between legal limitations and crypto innovation, its securities watchdog has set up a <strong>Sandbox<\/strong> for bitcoin companies.<\/p>\n<p>The <strong>Sandbox<\/strong> is meant to &#8220;<em>facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in a real-life context<\/em>,&#8221; Thailand&#8217;s Securities and Exchange Commission said on Friday.<\/p>\n<p>Following the approval of the SEC Board to create the crypto <strong>Sandbox<\/strong> in March and a later public hearing in May, the <strong>Sandbox<\/strong> launches.<\/p>\n<p>The <strong>Sandbox<\/strong> is meant for industry participants in six categories, including digital asset exchanges, brokers, dealers, fund managers, advisers, and custodial wallet providers, as the SEC specifically pointed out.<\/p>\n<p>Applications are welcome in the <strong>Sandbox<\/strong> now. Based on their capital adequacy, work systems, and management structures, the <strong>Thai<\/strong> <strong>regulator<\/strong> said it will evaluate candidates&#8217; qualifications.<\/p>\n<p>Early this year, the <strong>Thai government<\/strong> took various crypto-positive actions. For instance, the Ministry of Finance apparently granted value-added tax exemptions for bitcoin trade in February. <strong>The Thai SEC<\/strong> changed pertinent rules in March to let professional investors make investments in American spot bitcoin exchange-traded funds.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Thailand is exploring the thin line between legal limitations and crypto innovation, its securities watchdog has set up a Sandbox for bitcoin companies. The Sandbox is meant to &#8220;facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in a real-life context,&#8221; Thailand&#8217;s Securities and Exchange Commission said on<\/p>\n","protected":false},"author":6,"featured_media":26509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2901,7823,5181,7824,6779],"class_list":["post-26508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-thailand","tag-thailand-bitcoin","tag-thailand-crypto","tag-thailand-sandbox","tag-thailand-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thailand&#039;s SEC Launches Crypto Sandbox for Bitcoin Firms - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/thailands-sec-launches-crypto-sandbox-for-bitcoin-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thailand&#039;s SEC Launches Crypto Sandbox for Bitcoin Firms - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"As Thailand is exploring the thin line between legal limitations and crypto innovation, its securities watchdog has set up a Sandbox for bitcoin companies. 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