Thailand's Regulators have introduced tighter digital asset rules due to trading irregularities and the fall of a top acquisition involving a crypto exchange.
Cryptocurrencies in Thailand gained heightened popularity after the country became the first in the region to implement digital-asset legislation in 2018. Following this, the country's Securities and Exchange Commission licensed six platforms as exchanges, including Bitkub Capital Group Holdings Co. and Zipmex Thailand.
However, the trust in the local crypto market has been under scrutiny following a recent case of insider trading by a Bitkub executive, who was later fined 8.5 million baht ($233,459) by the SEC, and a police complaint earlier this week against Zipmex and its chief executive officer also added to the doubt towards cryptos.
Thailand's local cryptocurrency instability has been compounded by the global crypto rout.
According to Bloomberg, "the stricter oversight, experts said, has compounded the blows from beyond...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...