Published On: Fri, Dec 29th, 2017

Thai Authorities to Educate on Cryptocurrencies

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With countries across Asia making moves to regulate and clamp down, few remain as beacons of freedom when it comes to cryptocurrencies. India, Russia, China, South Korea, Vietnam, and Indonesia have all issued restrictions on exchanges, but one unlikely country in Asia remains open: Thailand.
Thailand is a surprise as it is in the grips of a military dictatorship that does not look like it wants to return the country to democracy at any time in the future. With sweeping clampdowns on everything else across the nation, the military seems open towards crypto and are even planning on starting to educate the public about it.

Coin School
It was reported in the Bangkok Post that the Finance Ministry will join with other authorities to educate people about Bitcoin following the digital asset’s wild ride this month. The concern is that people need to be made aware of the risks of what it describes as ‘Ponzi scheme’ types of trading before pouring their money into unregulated cryptos.
The Bank of Thailand, the Securities and Exchange Commission (SEC), and the Anti-Money Laundering Office (AMLO) also took part in the meeting, which came after junta leader Prayut Chan-o-cha expressed …

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    Thai Authorities to Educate on Cryptocurrencies

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    Thai Authorities to Educate on Cryptocurrencies

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