Regulator tightens control of NFT trading - News Summed Up

Regulator tightens control of NFT trading


(AFP photo)The Securities and Exchange Commission (SEC) is securing control of the trade of non-fungible tokens (NFTs) as it plans to require operators of NFT marketplaces to apply for a business licence. Sanjay Popli, co-founder of Cryptomind and owner of Merkle Capital, said many companies are preparing to launch their own NFT marketplaces in Thailand. Akalarp Yimwilai, co-founder and chief executive of Zipmex Thailand, said Zipmex is preparing to launch an NFT platform and is applying for a licence in the first quarter. There are four domestic NFT marketplaces: NFT1, Bitkub NFT, Coral and JNFT. Notable international NFT marketplaces include OpenSea, Axie Marketplace, Larva Labs/CryptoPunks, NBA Top Shot Marketplace and Rarible.


Source: Bangkok Post January 07, 2022 05:31 UTC



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