SEC scraps requirement due to public’s negative response
A file photo shows a visual representation of the virtual currency bitcoin.
The Securities and Exchange Commission (SEC) has scrapped its plan to impose a minimum income requirement of 1 million baht per year for cryptocurrency traders, following an overwhelmingly negative response to the proposal at several public hearings held last month online.
However, the SEC will still require cryptocurrency exchange operators to provide information regarding investment and risks to traders to better inform investors of the highly speculative nature of the assets, which are not tied to market fundamentals.
To qualify as cryptocurrency traders, candidates must complete at least…
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