Thailand Launches Crypto Regulatory Sandbox To ‘Facilitate Experiments’ !!

Thailand’s Securities and Exchange Commission has reportedly launched a regulatory sandbox for cryptocurrency industry participants in six categories: digital asset exchanges, brokers, dealers, fund managers, advisors and custodial wallet providers.

The regulator stated that the sandbox is designed to “facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in the real-life context.”

The Thai regulator also said it was now accepting applications for the sandbox and that it would review applicants’ qualifications based on their capital adequacy, work systems and management structures.

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