THAILAND BANS ICOS FROM USING BITCOIN CASH, LITECOIN AND ETHEREUM CLASSIC

Contrary to reports making the rounds on the cryptocurrency news circuit, regulators in Thailand have removed three cryptocurrencies from the list of accepted tokens for ICO fundraising and virtual currency trading. The Thai SEC announced the news in a press release published on its website on Thursday (February 28, 2019).

Following the announcement, BCH, LTC, and ETC are no longer eligible for use in ICOs. Also, cryptocurrency exchange platforms in the country cannot use as base pairs for trading other virtual currencies.

The statement did not offer any reason for removal of these three cryptocurrencies but stated that its decision did not amount to an endorsement or repudiation of any crypto. Also, the Thai SEC maintained that its decision would have no impact on investors judging from the fact that crypto exchanges in the country do not list the blacklisted tokens as base pairs and ICOs were yet to take off in the country.

Reference: https://bitcoinist.com/thailand-bans-icos-bitcoin-cash-litecoin-ethereum-classic/

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