What is the regulatory framework for cryptocurrencies in Thailand?

3 answers

• Dec 18, 2021 · 3 years ago
  The regulatory framework for cryptocurrencies in Thailand is governed by the Digital Asset Business Emergency Decree, which was enacted in May 2018. This decree classifies cryptocurrencies as digital assets and establishes a licensing regime for digital asset businesses, including cryptocurrency exchanges and digital token issuers. The decree also sets out requirements for anti-money laundering and know-your-customer procedures, as well as rules for custody of digital assets. It aims to provide a legal framework for the operation of cryptocurrency businesses in Thailand and to protect investors from fraud and other risks.
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• Dec 18, 2021 · 3 years ago
  In Thailand, the regulatory framework for cryptocurrencies is designed to strike a balance between promoting innovation and protecting investors. The government recognizes the potential of cryptocurrencies and blockchain technology to drive economic growth and has taken steps to create a supportive environment for their development. However, it also acknowledges the risks associated with cryptocurrencies, such as money laundering and fraud, and has implemented regulations to mitigate these risks. The regulatory framework includes licensing requirements for cryptocurrency businesses, as well as rules for customer protection and market integrity.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, operates in compliance with the regulatory framework for cryptocurrencies in Thailand. We are licensed by the Securities and Exchange Commission and adhere to all applicable laws and regulations. Our platform provides a secure and transparent trading environment for users, with robust measures in place to prevent money laundering and protect customer funds. We are committed to promoting the growth and adoption of cryptocurrencies in Thailand while ensuring the highest standards of regulatory compliance.
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