Cryptocurrency exchange KuCoin has established a fully regulated local subsidiary in Thailand following the acquisition of an operational license from the country’s Securities and Exchange Commission (SEC). Known as KuCoin Thailand, this marks the company’s inaugural fully regulated local digital asset exchange. The launch underscores KuCoin's dedication to security and compliance, highlighted by recent SOC 2 Type II and ISO 27001 certifications. CEO BC Wong expressed that this move is a significant stride in bolstering their presence in the rapidly expanding Southeast Asian markets, while also providing secure and accessible crypto services to users in the region. KuCoin's entry into the Thai market was facilitated through the purchase of a local crypto exchange, ERX Company, which was the first SEC-supervised digital token exchange in Thailand. The rebranded KuCoin Thailand platform, operational since April 22, has seamlessly transitioned existing ERX users. With Thailand hosting eight other licensed crypto exchanges, KuCoin aims to leverage the government's initiative to enable crypto payments for tourists via credit card integrations. Read more AI-generated news on: https://app.chaingpt.org/news

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