PM Prayut speaks of risks in cryptocurrency

[webfact]

PM Prayut speaks of risks in cryptocurrency

 

 

BANGKOK, 12 March 2018 - The Prime Minister is warning investors to beware of the risks associated with cryptocurrency in order to prevent losses 

Prime Minister Gen. Prayut Chan-o-cha said today that the fundraising in an initial coin offering or ICO, remains new to many and investors who are interested in it, should be particularly cautious and study all risk factors. 

Gen. Prayut said that the government has begun legal preparation to regulate related entrepreneurs to make sure that all operations are transparent and open for inspection, and are without any loopholes, which could make crime and corruption possible. 

Therefore, the PM is urging all with an interest in ICO to be patient and wait for legal and regulatory clarifications before making any decision in order to help prevent probable losses.

 

-- nnt 2018-03-12

[cornishcarlos]

4 minutes ago, webfact said:

all operations are transparent and open for inspection, and are without any loopholes, which could make crime and corruption possible.

 

In other words, he doesn't want any competition :)

 

Meanwhile, the lottery is a great investment for the poor people of Thailand !!!

[ChrisY1]

I think it would be extremely reckless to be using a Thai based trader.....although as an aside, a recent Tha based ICO offering 100 million tokens, has sold out....surprised me!

At least in the west, there are regulations in place controlling dealers....

[Hayduke]

4 hours ago, webfact said:

BANGKOK, 12 March 2018 - The Prime Minister is warning investors to beware of the risks associated with cryptocurrency in order to prevent losses...

 

Instead, His Supreme Importantness, suggests Thai people follow his own example of astute financial responsibility by keeping their hoards of unusual wealth in safe, secure overseas accounts.

 

 

Edited March 12, 2018 by Hayduke

[RichardColeman]

But no risk of a Cryptojunta then ? 

[thhMan]

He cant get the police to do basic policing, but is intelligent enough to comment on Crypto...?

There is a reason some join the military and some join academia.... IQ is a factor

[Jonmarleesco]

6 hours ago, webfact said:

loopholes ... could make ... corruption possible. 

And we can't have that.

[PAIBKK]

[Somchai Logic]

Like he would know 

[phycokiller]

stick to the lottery you plebs