SEC to raise Bitcoin safety awareness

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SEC to raise Bitcoin safety awareness

Tarin Angskul

 

   

BANGKOK (NNT) - The Ministry of Finance has ordered the Securities and Exchange Commission (SEC) to promote confidence in the country’s capital markets, while giving the general public a better understanding of Bitcoin investments which are considered high risk.

 

At a seminar on the SEC’s strategy, the Minister of Finance Arkhom Termpittayapaisith, directed the SEC to implement innovations and technology to provide new investment tools, while at the same time taking care of novice investors who may not be accustomed to investments in high risk digital assets, such as Bitcoin.

 

Investments in Bitcoin have gained more momentum recently among investors of lower means who want a high returnin. The Minister of Finance said these investors should be well informed in order to control their risk.

 

Mr Arkhom urged the SEC to provide easier access to the capital market for people with savings, investors, and startup entrepreneurs, promote confidence in the capital markets as well as their potential, promote sustainable financial development where the society and the environment are taken into consideration, and provide extra facilitation to companies affected by the COVID-19 pandemic.

 

The Minister of Finance said the Thai economy this year will continue to face challenges from the pandemic, but the availability of vaccines is a real hope; meanwhile the government has rolled out relief campaigns, such as payout campaigns and tourism subsidies.

 

He said however these relief campaigns can only be offered short-term, and must be offered along with aid measures for business owners through financial and monetary policies.

 

Mr Arkhom said the government is promoting the Bio-Circular-Green (BCG) economic model along with investments in infrastructure in the future, to support the growing aging society, where the population of senior citizens is expected to double from 12% to 24% over the next 10 years.

 

 

-- © Copyright NNT 2021-02-12

 

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[ukrules]

Buying and holding a cryptocurrency comes with little risk, if it goes down too much for your liking you can simply sell it.

 

The major problem people are exposed to is leveraged trading which can make you lose everything you have and allowing access to this for everyone.

 

This is where the 'degenerates' lose all their money by being liquidated.

 

[fangless]

1 hour ago, ukrules said:

if it goes down too much for your liking you can simply sell it.

Who to if it is dropping so much?

[onebir]

1 hour ago, ukrules said:

Buying and holding a cryptocurrency comes with little risk, if it goes down too much for your liking you can simply sell it.

Doesn't this apply to anything???

[kingstonkid]

Investing in anything be it sticks commodities crypto casinos or bar girls is all the same thing.  Never invest money that if you lose it it will not kill you financially.

[mr mr]

funny now how many people are starting to take all this seriously. holding bitcoin long term (so far) has had 0 risk involved. 

 

buy hold for x years and collect your profit. general rule of thumb is about 100 percent per year.

 

since inception bitcoin has gone up over 9 million percent. i will wait for anyone who can point out a better performing asset on earth in the last 10 years.  

 

in 10 years so many people will regret passing on what is happening in the crypto world right now. its a chicken shoot out there folks don't miss it. 

 

if you look at the coinmarketcap top 100 coins most have a min of 40 percent increases over the last week. numerous coins going hundreds of percent in a week.  

 

cue angry responses regarding tulips and pony schemes. in 5 4 3 2 .......