Mark Mason
Well-known member
Thailand Creates More Restrictive and Harsh Cryptocurrency Laws
The Government of Thailand, by royal degree, uses fines and threats of jail time, to restrict cryptocurrency usage.
The royal degree classifies cryptocurrencies as digital assets and thus under the control of the country’s Security Exchange Commission. Previously, the central bank of Thailand had directed financial institutions to steer clear of cryptocurrencies. The new law will levy a fine of two times a token’s value, up to a maximum of 500,000 baht ($20,930 USD), for unregistered token brokers or exchanges.
Read more: https://www.dashforcenews.com/thailand-creates-more-restrictive-and-harsh-cryptocurrency-laws/
The Government of Thailand, by royal degree, uses fines and threats of jail time, to restrict cryptocurrency usage.
The royal degree classifies cryptocurrencies as digital assets and thus under the control of the country’s Security Exchange Commission. Previously, the central bank of Thailand had directed financial institutions to steer clear of cryptocurrencies. The new law will levy a fine of two times a token’s value, up to a maximum of 500,000 baht ($20,930 USD), for unregistered token brokers or exchanges.
Read more: https://www.dashforcenews.com/thailand-creates-more-restrictive-and-harsh-cryptocurrency-laws/