The Stock Exchange of Thailand (SET) is preparing to launch a new digital asset trading website. that will be integrated into the cryptocurrency market The Stock Exchange of Thailand said
The SET is expected to launch a Digital asset exchange in 2022, with plans to enable new options such as investment tokens and utility tokens, according to Dr. Pakorn. sayIn an interview with Bloomberg
While SET’s upcoming digital asset exchange is not directly related to the crypto market, the platform will still be involved. cryptocurrencies such as Bitcoin (BTC)
It revealed that it will clearly integrate with cryptocurrency exchanges. To enable investors to convert their crypto to fiat money before trading on the SET.
“Our strength lies in our investment tools. And we are always looking for ways to connect with crypto exchanges to convert cryptocurrencies to fiat money and invest in our digital assets and traditional assets.”
“That would be the way we do business with digital and traditional assets. which will connect to the cryptocurrency market,” he added.
The SET announced plans to launch a digital asset trading platform earlier this year. It aims to launch in the second half of 2022, while at the time it said the upcoming platform would not be related to Crypto as it did not meet its product qualification. and can facilitate money laundering including causing harm to the image of the stock market with high credibility
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