Cryptocurrency Q&A
Is Thailand crypto-friendly?
Is Thailand crypto-friendly?
CryptoBaron
Fri Jun 07 2024
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7 answers
1450
Could you please elaborate on whether Thailand is considered crypto-friendly? I'm curious to know about the country's stance on cryptocurrencies, particularly in terms of regulation, acceptance, and usage. Are there any specific policies or initiatives that make Thailand more favorable for crypto enthusiasts? Also, how do locals in Thailand generally view cryptocurrencies? Is there a growing community of crypto users in the country? I'd appreciate any insights you can provide on this topic.
7 answers
GinsengBoostPower
Sun Jun 09 2024
Thailand's SEC, as reported by the Bangkok Post, has opted to disallow the trading of spot bitcoin exchange-traded funds (ETFs) within its jurisdiction.
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Martina
Sun Jun 09 2024
This decision aligns with the regulatory stance taken by South Korea, another Asian country that has similarly chosen not to permit such ETFs in its domestic markets.
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WhisperInfinity
Sun Jun 09 2024
The move underscores the cautious approach adopted by regulatory bodies in the region towards cryptocurrency-related products, especially those involving high risks and volatility.
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Valentina
Sat Jun 08 2024
Thailand's SEC likely views the unregulated nature of cryptocurrencies and the potential for market manipulation as reasons for its decision.
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Lorenzo
Sat Jun 08 2024
Additionally, the SEC may also be concerned about the potential impact of such ETFs on retail investors, who may not be fully aware of the risks involved.
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