There will be a new Bitcoin exchange coming to Asia, to Thailand to be exact. However the launch of the new Exchange has been troubled with difficulties from day 1. First it was the legal uncertainty that all crypto is following like a plague, especially in Asia.
Because of the less than friendly stance on everything that is crypto it is very hard to get some kind of “green light” from the government camp. The banks and big business will keep on blocking or at least try to delay crypto activities.
However this stance may soon change since there have been interesting developments in the US. Last week the SEC approved a company to go on the NASDAQ that with their Bitcoin fund.
Another surprising shift in the US government stance toward Bitcoin and everything crypto was that Bitcoin” is not to be viewed as a problematic or “bad thing” concerning bank products, savings or “big business” “. Since most of the world follows the example of the US it stands one may logically conclude that most countries will also adopt this stance.
It is quite possible that in the near future the Thailand based bitcoin exchange Bitcoin.co.th will get their official stamp of approval from the Thai government. It may also be that the Thai government do not want to “give free reign” to the exchanges. This may be because the Mt Gox debacle and the whims of other more influential Crypto exchanges.
Asia is notoriously hard on everything crypto but there seems to be some cracks appearing the Asian stance toward crypto. Only time will tell how this will evolve.