Thailand's SEC To Strict Crypto Trading Activities For Investors.

Thailand's SEC To Strict Crypto Trading Activities For Investors.

2021-02-16 | Mike Hallen

Thailand's SEC To Strict Crypto Trading Activities For Investors.

Thailand’s SEC [Securities and Exchange Commission] is about to conduct a public hearing later this month to measure what qualifications should be imposed on retail investors while opening new cryptocurrency related trading accounts. In line with a recent official report by the native reporting media, Bangkok Post, the regulator cares for investor safety amid the recent meteoric rise in cryptocurrency prices and therefore the resulting flood of sign-ups to native cryptocurrency exchanges. The regulator aims to work out if new cryptocurrency investors have enough experience and are within a financial position to soak up the risks related to crypto trading and volatile price swings. “We should set some screening criteria like age, trading experience and level of revenue or wealth to limit risks,” revealed the SEC’s secretary-general, Ruenvadee Suwanmongkol, adding that such measures are already in situ for high-yield bonds, which are solely accessable to certain investor types. The SEC reported over 124k new investor signups within the primary week of February bringing the monthly total to 594k as of 8th Feb., consistent with the Bangkok Post’s news. The hearing comes after the country’s minister of finance, Arkhom Termpittayapaisith, asked the SEC to stay tabs on native crypto exchanges within a bid to guard newcomers. However at the reporting time, no official report has been yet confirmed by SEC.

Leave a comment

Your email address will not be published. Required fields are marked *

Top 7 cryptocurrency overview



Best trading tool for cryptocurrency

2022 Top cryptocurrency Price Prediction List