Thailand’s central bank will receive more power as the South-East Asian nation steps up regulation of digital assets, said Thai Finance Minister Arkhom Termpittayapaisith.
See related article: Thailand bans Bitcoin and crypto payments
Fast facts
- Thailand plans to tighten its supervision of platforms and exchanges that offer trading in cryptocurrencies and other digital assets, Bloomberg reported quoting Termpittayapaisith.
- Currently, the country’s Securities & Exchange Commission (SEC), regulator of capital markets, has the sole mandate to supervise the digital assets industry according to the country’s rules passed in 2018, the report said.
- The SEC has been asked to take lead on the amendments, Termpittayapaisith said.
- The move comes after Thailand’s regulators were criticized for not taking prompt actions to protect investors of Zipmex (Thailand), a licensed cryptocurrency…
