Jump to content

Thailand enacts tough cryptocurrency law, including fines and jail terms


Recommended Posts

Posted

Thailand enacts tough cryptocurrency law, including fines and jail terms

Jitsiree Thongnoi

Thailand Correspondent

 

BANGKOK - Thailand put a new law in place on Monday (May 14) to control and regulate cryptocurrency transactions and Initial Coins Offerings (ICOs).

 

It comes with hefty fines and jail terms to crack down on fraud and unauthorised transactions.

 

The country enacted a royal decree which stipulates thatcryptocurrencies and digital tokens are digital assets. Thailand'sSecurity Exchange Commission (SEC) will be in charge of overseeing and regulating all cryptocurrency transactions and verifying the identity of clients.

 

Full story:  https://www.straitstimes.com/asia/se-asia/thailand-enacts-tough-cryptocurrency-law-including-fines-and-jail-terms

 

-- THE STRAITS TIMES 2018-05-14

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...