Thailand gets more serious with crypto market, here’s how

Thailand’s financial authorities are about to crack down on cryptocurrency. The action comes after a turbulent year in which Asians experienced significant setbacks.according to a 13 December

Furthermore, Thai investors that used the Zipmex platform were negatively impacted by the bankruptcy of the Celsius Network. When FTX fell in early November, Asian retail investors were likewise the ones who suffered the most.As examples of what it aims to imitate, the agency mentioned recent laws from Singapore, Japan, and the United Kingdom. Singapore does not wish to discourage investment or innovation, though, and the city-state still serves as the region’s hub for cryptocurrencies.

The SEC wants to crack down on Bitcoin marketing and advertising, especially when it involves celebrities and influencers. After it was uncovered that several well-known athletes were accepting fees to support FTX, similar action was taken last month in the United States.

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