THELOGICALINDIAN - The Thai Securities and Exchange Commission SEC has allowable new rules for cryptocurrency exchanges operating in the country Certain types of cryptocurrencies including meme bill fan bill and nonfungible tokens NFTs are banned to barter on crypto exchanges
Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies
The Thai Securities and Exchange Commission (SEC) appear Friday that its lath of admiral has accustomed new rules administering cryptocurrency exchanges. Secretary-General Ruenvadee Suwanmongkol declared that the lath affair captivated on June 9 had anesthetized a resolution acknowledging the SEC Notification No. Kor Thor. 18/2564, which sets alternating the rules.
Digital asset exchanges are banned from “providing casework accompanying to account tokens or cryptocurrencies that accept any of the afterward characteristics,” the SEC apprehension details:
The prohibition additionally includes “Digital tokens which are activated in a blockchain transaction and issued by agenda asset exchanges or accompanying persons.”
Although, the SEC did not acknowledgment the name of any specific coins, meme cryptocurrencies, like dogecoin (DOGE) and shiba inu bread (SHIB), are acceptable affected.
Crypto exchanges charge additionally set a claim “to be imposed in the accident that agenda tokens issued by their own barter or accompanying bodies are listed on the exchange.” Token issuers declining to accede with their white affidavit and accordant rules accident accepting their tokens delisted from the exchange, the regulator warned.
According to the SEC notice, “This new authoritative guideline aims to enhance aegis of agenda asset traders’ interest.” It adds:
The Thai SEC additionally acclaimed that “After advertisement in the Government Gazette, the Notification has become able from 11 June 2024 advanced after attendant effect.”
What do you anticipate about Thailand banning these cryptocurrencies from trading on crypto exchanges? Let us apperceive in the comments area below.
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