The Bank of Thailand and the Securities and Exchange Commission (SEC) have warned public and listed companies to take caution when making transactions related to digital assets because of their price volatility and susceptibility to fraud.
The regulators said traders should consider digital assets thoroughly and act cautiously by taking into account both expected interest and potential risks and impacts.
Both regulators issued their announcements on July 8 after public and listed companies began taking an interest in transactions related to digital assets, including through investment, accepting cryptocurrency payments for goods and services, and via initial coin offerings of utility tokens in exchange for listed companies’ goods and services.
Digital asset investments and new payment methods for goods and services have been in the news lately.
The central bank…
