The Thai Authorities Want to Protect Users Investing in Cryptocurrencies
Thailand has been tightening its control over the cryptocurrency market over the past few years.
In December last year, the central bank of the country announced it would not allow the destabilization of the situation in the financial sector by developing a regulatory framework to ensure maximum transparency of transactions with digital assets.
This week, the Securities and Exchange Commission of Thailand has said it will pay special attention to the security of crypto investors. According to the regulator, the collapse of blockchain companies has forced it to step up work in this direction.
In parallel, the commission is also exploring the possibility of reducing the amount of capital investment of the country’s citizens in digital currencies.
