Thai securities regulator bans NFTs and memecoins capital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capital.com Daily Mail and Mail on Sunday newspapers.
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Thailandâs Securities and Exchange Commission, alarmed by a sixfold surge in domestic crypto trading since November, said on April 1 that it would soon require traders to have experience, or take courses or pass an exam. The regulator didnât finalise a date and opted not to ban local exchanges from accepting clients who didnât meet minimum-income levels, which had been mulled. Digital-asset proponents including Atichanan argue that too many restrictions will merely drive Thais to unregulated platforms overseas.
As domestic crypto trading in Thailand saw a sixfold surge since November, its Securities and Exchange Commission, is starting to worry about risks faced by locals investing. Bloomberg
Atichanan Pulges first became interested in cryptocurrencies a decade ago when he was an engineering student in Los Angeles. Mining Bitcoin was a way for the Bangkok native to learn about markets and pay his rent.
Now back in Thailand after a stint at Goldman Sachs Group Inc., Atichanan is a co-founder of the nation’s largest licensed cryptocurrency exchange. He’s also on the front lines of an intensifying debate over who should be allowed to buy digital assets in Southeast Asia’s second-largest economy.
Bitcoin settles around $56,000 after record $61,000 over weekend
The world’s most popular cryptocurrency, Bitcoin, surged to a record $61,000 (+/- R900,000) at the weekend. The controversial cryptocurrency seems to be gaining traction with more investors on a daily basis, with influential tech heavyweights such as Elon Musk sticking his hand up and declaring himself a fan. His electric vehicle manufacturer, Tesla, has bought $1.5bn worth of the cryptocurrency. Still, many remain sceptical of bitcoin. Despite the record high, it ‘retreated in the following days’, according to reporter Eric Lam. Speaking to Bloomberg, Luno’s Vijay Ayyar says the volatility is due ‘to investors taking some profit after Bitcoin’s recent run’. – Jarryd Neves
Bitcoin steadies near US$56,000 after weekend rally evaporates - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.