Post by @drehellstrom.lens

Such news about investments and Thailand today ))

Read, leave your opinion in the comments. Do investors need protection or is everything ok as it is?

Thai authorities have been tightening control over the cryptocurrency market for the past few years.

In December 2021, the central bank announced that it would not allow destabilization of the financial sector. For this purpose, the regulator plans to develop a regulatory framework to ensure maximum transparency of transactions with digital assets.

The authorities' tough stance was confirmed this week by the Securities and Exchange Commission of Thailand (SEC). It will pay particular attention to the safety of crypto investors. The collapse of blockchain companies prompted the SEC to step up its work in this area.

At the same time, the commission is thinking about how to reduce the amount of investments of the country's citizens in digital currencies. Restricting crypto-advertising could be one such lever.

To develop a set of measures to protect investors, a special committee was created under the auspices of the SEC, which included representatives of the authorities and the crypto-business.