Bitcoin traders could be forced to prove income to sign up at exchanges under Thai rules

posted about 2 months ago
Thailand plans to introduce new rules to curb individuals’ cryptocurrency trading after a surge in inflows from young people sparked concern from regulators.

Retail investors will probably be required to show their income or assets before opening trading accounts with the nation’s six licensed cryptocurrency exchanges, said Ruenvadee Suwanmongkol, the secretary general of the Securities & Exchange Commission. Anyone who isn’t allowed to trade crypto via their own accounts can invest through licensed fund managers or financial advisers, she said.
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