No. 23 / 2019
Thursday 28 February 2019
Bangkok, 28 February 2019 – The SEC has updated the list of cryptocurrencies eligible for initial coin offering (ICO) investment or value comparison as base trading pair against other digital assets traded on digital asset exchanges. As a result, the current list comprises four cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM).
In any case, it should be noted that the announcement of such cryptocurrency list is not a certification of their legal tender status.
The SEC provides the list of eligible cryptocurrencies to allow the cryptocurrencies to be used for investment in digital tokens through ICO process and as base trading pair against other digital assets traded on digital asset exchanges in compliance with the Emergency Decree on Digital Asset Businesses B.E. 2561 (2019). Key factors taken into consideration regarding the cryptocurrencies on the list include relevant developments and news, as well as other important factors related to cryptocurrencies. The list will be updated periodically.
This latest update has resulted in the total of four cryptocurrencies for ICO investments and base trading pairs, namely (1) Bitcoin (BTC), (2) Ethereum (ETH), (3) Ripple (XRP) and (4) Stellar (XLM). Also, three other cryptocurrencies have been removed from the list, namely (1) Bitcoin Cash (BCH), (2) Ethereum Classic (ETC) and (3) Litecoin (LTC). In any case, the list update has no impact on investors or digital asset businesses because so far no ICO has been launched and the operating digital asset exchanges have never used BCH, ETC or LTC as base trading pairs.
It should be noted that the announcement of the cryptocurrencies for base trading pairs is not a certification of their legal tender status or other legal statuses, nor is it a certification of any kind related to such cryptocurrencies.