{"id":10699,"date":"2025-01-31T13:32:05","date_gmt":"2025-01-31T13:32:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10699"},"modified":"2025-01-31T13:32:05","modified_gmt":"2025-01-31T13:32:05","slug":"this-week-in-crypto-asia-thai-finance-minister-proposes-unified-licensing-for-securities-and-crypto-trading","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10699","title":{"rendered":"This Week In Crypto Asia: Thai Finance Minister Proposes Unified Licensing For Securities And Crypto Trading"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Thailand\u2019s Finance Minister, Pichai Chunhavajira, from the Ruling Pheu Thai Party, proposed an initiative to streamline the licensing process for securities and cryptocurrency trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/asia.nikkei.com\/Spotlight\/Cryptocurrencies\/Thai-finance-minister-suggests-single-license-for-securities-crypto-trade\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\"> local media reports dated 31 January 2025,<\/span><\/a><span style=\"font-weight: 400\"> the Thai Finance Minister Chunhavajira\u2019s comments promote the development of the digital asset business follow the announcement of the Thai SEC\u2019s strategy for 2025.<\/span><\/p>\n<h2><strong>What Would A Unified License Accomplish?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Currently, Thailand\u2019s securities and cryptocurrency markets operate under separate regulatory regimes.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Securities trading is overseen by the Securities and Exchange Commission (SEC), while cryptocurrency exchanges are subject to distinct licensing requirements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Finance Minister\u2019s proposal aims to integrate these systems into a single licensing framework, simplifying compliance for market participants.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The unified license would cover both traditional securities and digital assets, including cryptocurrencies. This approach is expected to reduce bureaucratic hurdles, encourage innovation, and position Thailand as a regional hub for financial technology (fintech) development.<\/span><\/p>\n<p>Thailand has been making strides in the area of crypto adoption and regulation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Thailand&#8217;s SEC is making waves in the crypto world!<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/2705.png\" alt=\"\u2705\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Reviewing spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> ETF approvals for retail &amp; institutional investors.<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/2705.png\" alt=\"\u2705\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Considering stablecoin proposals backed by corporate bonds &amp; gov bonds.<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/274c.png\" alt=\"\u274c\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Cracking down on Polymarket for illegal crypto gambling.<br \/>Crypto\u2026 <a href=\"https:\/\/t.co\/pqjodzzxsO\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/pqjodzzxsO<\/a><\/p>\n<p>\u2014 Crypto Trennd (@CryptoTrennd) <a href=\"https:\/\/twitter.com\/CryptoTrennd\/status\/1879471667379876164?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Recently, the Thai government announced a pilot project on 9 January 2025, allowing tourists to make payments using Bitcoin and other digital currencies in Phuket, one of the country\u2019s most popular destinations.<\/p>\n<p>Chunhavajira unveiled the plan during a seminar hosted by the Marketing Association of Thailand.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/this-week-in-crypto-asia-thailand-trials-bitcoin-payments-in-tourism-while-indonesia-shifts-crypto-oversight-to-ojk\/\" rel=\"bookmark\">This Week In Crypto Asia: Thailand Trials Bitcoin Payments In Tourism<\/a><\/strong><\/p>\n<h2 class=\"page-title\">Former Thai PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement<\/h2>\n<p>Thailand\u2019s former Prime Minister, Thaksin Shinawatra, recently expressed optimism about the potential of crypto.<\/p>\n<p>Shinawatra made a push for Thailand\u2019s financial institutions to be more open to cryptocurrency. Furthermore, he cited incoming US President Donald Trump\u2019s pro-crypto stance.<\/p>\n<p>According to\u00a0<a href=\"https:\/\/www.nationthailand.com\/business\/economy\/40045156\" target=\"_blank\" rel=\"nofollow noopener nofollow\">local media reports,<\/a>\u00a0Thaksin suggested that Thailand should adopt global crypto trends, such as using Bitcoin for debt settlement and introducing Real World Asset (RWA) tokenisation \u2013 trading blockchain-based digital tokens representing tangible physical assets.<\/p>\n<p>He also unveiled plans for a cryptocurrency sandbox project in Phuket, where Bitcoin transactions would be state-managed to minimise risks.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/thailands-former-pm-advocates-for-crypto-legalization-suggests-using-bitcoin-for-debt-settlement\/\" rel=\"bookmark\">Thailand\u2019s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/this-week-in-crypto-asia-thai-finance-minister-proposes-unified-licensing-for-securities-and-crypto-trading\/\">This Week In Crypto Asia: Thai Finance Minister Proposes Unified Licensing For Securities And Crypto Trading<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thailand\u2019s Finance Minister, Pichai Chunhavajira, from the Ruling Pheu Thai Party, proposed an initiative to streamline the licensing process for securities and cryptocurrency trading.\u00a0 According to local media reports dated 31 January 2025, the Thai Finance Minister Chunhavajira\u2019s comments promote the development of the digital asset business follow the announcement of the Thai SEC\u2019s strategy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10699","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10699"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10699\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}