What’s the whole content of this regulation? This may cause panic if the information is limited.
Banning cryptocurrency is not a good idea, I hope this is not final since their local wallet is also available in my country and I hope its not affected. They didn’t ban bitcoin? This is still a good new and may the Thailand government is just protecting their people from a possible hype and fud.
Topic: Cryptocurrency Trading for Some Digital Coins Banned in Thailand, Including - page 2. (Read 227 times)
August 14, 2021, 05:41:29 PM
August 14, 2021, 05:18:53 PM
What we are most worried about is that this impact continues to spread to all countries in ASIA, you may already know how China strategy is always to try to expand its desires even across other countries. That way we certainly feel concerned how crypto users in ASIA will feel disadvantaged in this case. Regrettably, China swayed him by deliberately offering Yuan as an option, plus ASIA sovereign debt could become a ticking time bomb if there was a refusal.
August 14, 2021, 04:45:45 PM
funny when coin ph wallet has millions of users 
I also know this is available in Thailand, and since this is regulated in my country I think Coinsph as also regulated in Thailand, maybe this is not a total ban on cryptocurrency. Mind to share the link for this news to confirm that it is not a fud? Thailand has been a supportive country with regards to crypto as far as I know, this is a shocking news if ever.
August 14, 2021, 04:20:30 PM
funny when coin ph wallet has millions of users
August 14, 2021, 03:58:53 PM
I am not surprised that thailand banned the trading of those digital coins. Well, they still can't stop people from storing cryptocurrency they want but local exchanges is of no use since it is banned. I am sure those cryptocurrency lovers in china didn't stop mining bitcoins but they are hiding to avoid get caught since it is not allowed anymore.
August 14, 2021, 03:50:13 PM
Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs).
The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
It said the ban is aimed at protecting traders from tokens that have "no clear objective or substance" and whose prices are influenced by social media trends and online influencers. The ban also includes “fan tokens” that are riding on the popularity of the celebrities they are influenced by.
The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
It said the ban is aimed at protecting traders from tokens that have "no clear objective or substance" and whose prices are influenced by social media trends and online influencers. The ban also includes “fan tokens” that are riding on the popularity of the celebrities they are influenced by.
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