SEC allays crypto furore
Regulator says draft to gauge opinions
The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders.
A live talk about the hearing on the SEC’s Facebook page will be rescheduled to tomorrow — three weeks earlier than the original schedule on March 24 — after the draft sparked a huge wave of public criticism within a few hours of its announcement.
The proposal drew backlash for its excessively high standards for crypto traders, which would…
