Thailand s SEC Board bans Meme coins and NFT trading; Know details republicworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from republicworld.com Daily Mail and Mail on Sunday newspapers.
SET-listed Jay Mart plans to launch the country's first non-fungible tokens (NFTs), featuring nine stars or celebrities this week as it latches on to a trend in digital asset technology, says a telecom source who is close to the company.
The Thai Securities and Exchange Commission has banned digital asset exchanges from trading meme- or fan-based tokens, non-fungible tokens and exchange-issued tokens.
Thailand’s Securities and Exchange Commission has banned crypto exchanges from dealing with certain types of tokens. The Thai SEC issued the guidelines, informing exchanges to desist from trading on four different types of tokens. These include nonfungible tokens (NFTs), fan-based tokens, meme-based tokens, and exchange-issued tokens. Exchanges have until 30 days to comply The SEC […]
Analysts shrug at new scheme
9
Rather than revving up consumer spending, the key to fixing the economy is mass vaccination
published : 17 May 2021 at 04:30
9 The Ying Chai Ying Dai scheme targets 4 million shoppers with high purchasing power, aiming to increase consumer spending during the pandemic. (Photo by Pornprom Satrabhaya)
With a slow vaccine rollout, mounting Covid-19 cases and new variants entering the country, Thailand s economic future seems more uncertain than ever.
Multiple times this year Thailand s GDP growth forecast has been lowered by both domestic and international institutions, and could end up being 1%, following a contraction of 6.1% in 2020.
To combat these cratering GDP prognostications, the government unveiled an ambitious new programme to spur consumer spending and nudge upwards economic indicators this year: Ying Chai Ying Dai (the more you spend, the more you get).