The Thai SEC says investors should have experience in cryptocurrency trading.
Ruenbade, Secretary General Suwanmonkol, said the committee will provide free training courses for investors with no experience in cryptocurrency trading.
According to Cointelegraph, a media specialized in cryptocurrency, the Securities and Exchange Commission (SEC) of Thailand has stipulated guidelines that stipulate that those who trade cryptocurrency in their country should have the right basic knowledge.
On the 1st (local time), secretary general Ruenbade Suwanmonkol told the Thai SEC’s Facebook live broadcast that those interested in investing in digital assets should have experience in cryptocurrency trading, according to the proposed guidelines of the regulatory body. Revealed that it is with me. She added that new investors on the market should attend courses or pass exams in cryptocurrency trading to prove their basic knowledge.
Suwanmoncall also revealed that the exchange is preparing a free training course called “Crypto 101” for investors who do not have experience in cryptocurrency trading.
(The measure of a trader’s ability is determined by how they manage their’investment portfolio’ rather than their income or financial position.)
This policy followed the announcement of the Thai SEC last month, and in the draft of the SEC announcement at the time, the committee put forward 1 million baht (about $32,000) as an income requirement for domestic cryptocurrency investors.
As a result, many cryptocurrency users in Thailand are outraged, arguing that they are trying to exclude low-income and middle-class people from the cryptocurrency market.
After examining the public controversy, Suwanmonkol reviewed the position of the SEC, said, “The draft is simply to gauge public opinion,” and announced that the regulatory body would hold a hearing on cryptocurrency investment.
On that day, the results of the hearing was revealed on Facebook live broadcast, and it was revealed that’cryptocurrency education’ would replace the’annual income requirement’.
Thailand has a complex relationship with cryptocurrency. The country’s tourism committee is targeting Japanese cryptocurrency holders in an effort to revive the tourism industry during the Corona 19 pendemic. While Thailand-based cryptocurrency exchange Upbit was approved by the SEC this year, regulators have forced BitCup to briefly address the issues associated with several recent outages during a period of high demand.