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Thailand Brings Tough Measures Against Cryptocurrencies

Some new decisions have been put into effect as of today, in partnership with the Thai Stock Exchange Commission (SEC) and Thailand Ministry of Finance. It has been announced that those who are crypto money sellers or crypto token sellers in the country must report this situation to the SEC within 90 days at the latest, otherwise, at the end of the 90-day period, at least 16 thousand dollars and a financial penalty will be 2 times the amount sold.

While it is known that there are dozens of crypto money sellers across the country, it was shared that this measure was taken together with the Royal decree and that the final decision of the royal about it could continue.

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Thailand Securities Exchange Commission (SEC) and the Ministry of Finance said in the statement that these decisions were taken to enable investors to invest in a more reliable environment and to create a more reliable crypto money environment. specified. Although there is not much information in the press on the subject, it has been stated that investors in Thailand can obtain information by applying to the SEC if they want.

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