Thailand’s SEC Gives Thumbs Up To Big 7 (BTC, ETH, BCH, ETC, LTC, XRP, XLM)

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https://www.google.com/amp/s/ethereumworldnews.com/thailands-sec-gives-thumbs-up-to-big-7-btc-eth-bch-etc-ltc-xrp-xlm/amp/

However, as earlier mentioned, there is a silver lining in the form of news from Thailand that indicate that the SEC(Securities and Exchange Commission) has given clear guidelines with respect to the country’s regulatory framework for cryptocurrencies and ICOs (Initial Coin Offerings).

The SEC of Thailand, announced the above on Friday after approving the measures in a June 7th meeting. Part of the new measures include allowing seven cryptocurrencies to be used for ICOs as well as for trading pairs in the country.

These 7 cryptocurrencies are the fan favorites of:

Bitcoin (BTC)

Ethereum (ETH)

Bitcoin Cash (BCH)

Ethereum Classic (ETC)

Litecoin (LTC)

Ripple (XRP)

Stellar (XLM)

The reasons for choosing these seven cryptocurrencies by the SEC were two: consensus credibility and the liquidity of the digital assets.