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by
Anthonia Isichei
on
January 20, 2021 Regulation
Thailand’s stock exchange is preparing to launch a new trading platform that would not include cryptocurrencies.
Crypto Exempted From SET’s Planned Trading Platform
According to the
Bangkok Post on Wednesday (Jan. 20, 2021) the Stock Exchange of Thailand (SET) announced plans to launch a digital assets trading platform. The upcoming platform will include different tokens except cryptocurrencies.
The Thailand bourse noted that the tokens must meet certain criteria before they would be listed on the platform. The requirements include:
“First, the token must have an underlying asset that investors can analyze on value. Second, it must be a valuable product that supports economic activities. Third, the product must have benefits to society and the environment.”
SET Extends Fee Cut Measures To Help Listed Companies Get Through COVID-19 Crisis, Effective From January 2021 Date
21/01/2021
The Stock Exchange of Thailand (SET) Group announces the extension of aid measures for listed companies affected by the ongoing COVID-19 pandemic. The measures comprise 1) Extending period of an annual registrar fee cut for listed companies and an annual fee cut for those participating in Opportunity Day, and 2) Imposing an additional annual fee reduction measure to encourage listed companied to deploy digital services supported by SET to ease their financial burden. The relief measures are due to take effect from January onwards.
SET President Pakorn Peetathawatchai said that
3 months ago
Today the Bankgok Post reported that the Stock Exchange of Thailand (SET) plans for digital asset trading to start in the second half of this year.
SET first announced its digital asset plans back in 2019. Last week the stock exchange unveiled its three-year plan, which referred to “a digital asset platform to widen business opportunities and revenue streams to the capital market’s operators while offering new investment alternatives to investors.”
The same document said that it’s leveraging blockchain and partnered with KBTG, the technology arm of Kasikornbank (KBank) for the development.
The Thai stock exchange plans to steer clear of cryptocurrencies. It has established three criteria to assess tokens, and a digital asset needs to meet at least one of them. The first is if the token is backed by an underlying asset that investors can analyze. Next was a ” valuable product that supports economic activities”. And the final option is if a token repre
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