Thailand Tightens Crypto Policies – Katoch Tubes

THailAnD SEC  vs Crypto

What's the news?

The SEC of Thailand has announced tightening the rules on crypto ads to protect retail investors from the declining crypto market.

The Zipmex Failure

The announcement came amid the failure of Zipmex, the local crypto exchange after it halted withdrawals in the recent month.

The Must Haves

Crypto companies are directed to clearly mention risks of investing in crypto & only advertise on official channels.

The Timeline

The regulators gave 30 days  implementation period. Companies failing to adhere, will face heavy penalty under Thai law.

Another Crypto Bust

An executive of Bitkub, a Thai crypto exchange was charged with insider trading & ordered to pay fine of 8.5 million Thai baht

Asia & Crypto

Asian countries aren't as friendly to the idea of cryptocurrencies compared to Western countries but the adoption is slowly on the rise

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