Ripple suggests a flexible, forward-looking regulatory framework would promote innovation
Thailand has the potential to drive greater use of digital assets in the business sector, but a flexible and forward-looking regulatory framework is required to provide consumer safeguards and encourage innovation among operators.
Ripple, the San Francisco-based provider of crypto and blockchain solutions for businesses, views Thailand as an early mover when it comes to regulating digital assets.
The Digital Asset Emergency Decree was passed in 2018 to regulate digital asset activities, and Thailand’s Securities and Exchange Commission (SEC) has had a licensing framework for exchanges in place since 2019. The SEC and Bank of Thailand have since progressively adapted regulations in line with market developments,…
