“The Thailand Securities and Exchange Commission (SEC) recognized USDT from Tether with legitimate cryptocurrency, allowed stablcoin listing on regulated platforms and use in calculations. The new rules will come into force on March 16, 2025. They are aimed at increasing the flexibility of business in the field of digital assets. The approval of the initiative was preceded by discussing changes with the public. According to Tether, USDT takes about 40% of cryptocurrency trading turnover in the country. […]”, – WRITE: Businessua.com.ua
The Thailand Securities and Exchanges Commission (SEC) recognized USDT from Tether legitimate cryptocurrency, allowed stablcoin listing on regulated platforms and use in calculations.
The new rules will come into force on March 16, 2025. They are aimed at increasing the flexibility of business in the field of digital assets.
The approval of the initiative was preceded by discussing changes with the public.
According to Tether, USDT takes about 40% of cryptocurrency trading turnover in the country. Thailand has become one of the most favorable jurisdictions for digital assets and is part of the top 20 countries in terms of their adoption.
Earlier, the EU regulator stated that MICA did not prohibit the storage and transfer of steiblcoins like USDT. Local CASP They should “first limit the services that contribute to the purchase” of such assets.
We will remind, according to the results of 2024 the net profit of the company amounted to a record $ 13 billion.
In March, Tether promised a “full audit” after appointment to post Cfo Simon Makvilleams.
CEO TETHER: USDT is a temporary measure on the way to Bitcoin-Standard
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