Live Breaking News & Updates on Fears Over Controversial Crypto Proposal

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by
Adeniyi Olowoporoku
on
March 2, 2021 Regulation
Thailand Securities and Exchange Commission (SEC) has allayed concerns regarding some of the requirements in its crypto proposal draft plan. This was in response to the uproar from crypto stakeholders about certain aspects of the proposed crypto framework. 
Thai SEC Responds to Crypto Regulatory Controversy
The crypto proposal draft released in February had suggested that new crypto investors must possess a minimum of 1 million baht annual income, a minimum age limit, and proven trading experience. The proposal had drawn criticism due to the excessively high standards for crypto trading, limiting low and middle-income earners from investing in cryptocurrencies.  ....

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