Topic: AML laws to regulate cryptocurrency - page 2. (Read 301 times)
Thailand is one among the country that has got cryptocurrency being used by all levels of people. From the positive view over the regulation it could get more common people into cryptocurrency usage. On the other side, it might also restrict with limitations which will the long term users of cryptocurrency. Anyhow there is no ban as India or China which shows the futuristic view on cryptocurrency by the Thailand government.
I have no love for Thailand after what they attempted to do to our fellow user Elwar, remember Thailand still isn't a just fair country, if they decide they want your coins, then they'll say you've done something illegal and take them.
Yep, a thug country. Once I was at Bangkok airport, I asked if it possible to take a shower and a guy sent me to a massage place where I could sleep with whores in exchange of money, obviously not what I was asking for.
Thailand Government to amend AML laws to regulate cryptocurrency. Regulations like these are more likely to help people transact with confidence.
Remember that Bitcoin was originally supposed to be anonymous and impossible to trace. If it becomes like a fiat currency then it's useless.
Thailand sure want to progress using the technology of blockchain that is why I guess this kind of stuff is pretty positive for the community, I guess after what Japan had done to the technology of Bitcoin Thailand is sure to come next in regulating it, I think after accepting 4 new cryptocurrency service providers in their country this turn out to be very positive for them so they are thinking of ways to sure secure transaction more properly.
Here is the link on the article about it for others to see.
https://cointelegraph.com/news/thailand-govt-will-amend-aml-laws-to-regulate-cryptocurrency
Here is the link on the article about it for others to see.
https://cointelegraph.com/news/thailand-govt-will-amend-aml-laws-to-regulate-cryptocurrency
I admire the government of Thailand for catching the great vision with cryptocurrency which they are sure can be of big help to their growing economy. Soon the country can be attracting many good fintech companies to locate in the country due to favorable business environment. I hope that this can be a warning sign for other neighboring countries to also open up their economies for the coming of cryptocurrency and the blockchain since this is now unstoppable...otherwise these countries can find later that they are already so late.
It's great to know that another Asian country besides Jaoan is looking to regulate cryptos instead of planning for a blanket ban. Where major economies of Asia like India and China still maintaining a negative outlook towards cryptocurrencies. Regularization will definitely boost confidence in the local crypto market as a framework will be available to the mass. Also it will attract international tourists to use their bitcoins and travel in Thailand. Overall it's a win-win situation for common mass and administration.
Thailand Government to amend AML laws to regulate cryptocurrency. Regulations like these are more likely to help people transact with confidence.
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