Crypto exchange UpBit secures licenses in four categories from Thai SEC

Steffy Bogdanova
August 13, 2020 12:47 pm

South Korean crypto exchange UpBit announced that its affiliate Upbit Thailand was approved for four provisional licenses to operate digital asset-related businesses in Thailand by the country’s Securities and Exchange Commission (SEC).

Upbit Thailand obtained license permits for to operate in four digital asset business categories:

  • Cryptocurrency Exchange
  • Digital Token Exchange
  • Cryptocurrency Broker
  • Digital Token Broker
Crypto exchange UpBit secures licenses in four categories from Thai SEC

The company is the first in Thailand to be approved for licenses in all four digital asset business categories. Upbit Thailand plans to offer new digital asset-related services once the final audit process by the Thai SEC is complete.

With the new licenses for cryptocurrency and digital token subcategories, Upbit Thailand expands its offer with broad range of fiat-crypto and crypto-crypto pairs in future services.

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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