Thailand promulgates a modification in the crypto regulations

Thailand’s low popularity in the crypto industry led the government system to order a complete modification of crypto regulations that country. The measure is mainly based on the request made by the Exchanges and Securities Commission (SEC), which alleged that the country has ceased to be competitive in the cryptocurrency market.

Experts explain that in order to apply a modification of the laws in force in the territory through the SEC, it is necessary to ensure small businesses and, in addition, the limitations suffered by large companies at this time.

However, the new laws are expected to take into account the direction that cryptocurrencies have taken and based on this leverage the digital currency of Thailand and prevent it from lagging behind. Likewise, expectations await that the new laws are not a condemnation for the only cryptocurrency in circulation in the Asian country and that they do not impose sanctions as severe as those currently being in force.

It is important to mention that any user who wishes to market crypto in Thailand must undergo strong regulations that will be applied to both people and businesses, greatly limiting the increase in capital for those who are making their way into the industry.

It is said that ICOs are about to disappear as a result of the constant regulations on the market. Thailand will modify the laws of digital currencies and it is expected that with this, the crypto asets will have a better development in the country.

K.Villarroel

Source: tecnologia.press