Crypto Experts Warn Over Cryptocurrency Risks in Thailand

As Thailand’s economy continues to tank more and more investors in the country are turning to cryptocurrency investment and trade which has raised concerns from the Thai Securities and Exchange Commission (SEC).

At the PostToday’s Cryptocurrency Forum 2021 on Wednesday Zipmex Thailand chief executive Akalarp Yimwilai said cryptocurrency trading value in Thailand spiked to 700-800 billion baht during the past 10 months and is expected to reach 1 trillion baht by the end of this year.

He said the number of local crypto traders has increased to more than 1.1 million people as of the end of July.

He said that despite surges in cryptocurrencies’ trading value and popularity, the Thai Securities and Exchange Commission (SEC) remains concerned about investors’ lack of knowledge.

For their part, investors view the rules and regulations pertaining to digital assets as…