Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Thailand Bans Crypto Payments, Allows Trading
Abstract：Thailands Security and Exchange Commission (SEC) announced on Wednesday its decision to ban cryptocurrencies as means of payment, effective from April 1, 2022. However, Thai people can still invest and trade digital assets.
The new law will come into effect on April 1, 2022.
It is concerned about financial instability because of crypto volatility.
Q4 2021 volumes have gone up or down and how much？
The regulator highlighted several concerns, including the possibility of money laundering . In addition, it said that crypto payments do not provide an improved and efficient payments market due to volatility and high transaction fees.
Further, the announcement stressed the risk on the Thai financial systems from the usage of cryptocurrency as payments and the inability of the Thai central bank to step in and provide assistance in case of any loss of value.
“[Crypto payments] may affect the stability of the financial system and overall economic system, including risks to people and businesses,” the regulator said after a joint study of the industry by the Thai central bank and the securities market regulator.
Cryptos Are Popular
Digital asset investments and trading have become very popular in Thailand over the past few years. Though crypto payments have not become mainstream yet, many businesses have started to accept them.
The latest order came only a couple of months after the Thai authorities announced plans to regulate the crypto payments industry in the country.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Broker
Market depth
Fundamental analysis
Margin
RokingLTD
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
Read more
Seaprimecapitals Withdrawal Problems: A Complete Guide to Risks and User Experiences
Worries about Seaprimecapitals withdrawal problems and possible Seaprimecapitals withdrawal delay are important for any trader. Being able to get your money quickly and reliably is the foundation of trust between a trader and their broker. When questions come up about this basic process, it's important to look into what's causing them. This guide will tackle these concerns head-on, giving you a clear, fact-based look at Seaprimecapitals' withdrawal processes, user experiences, and trading conditions. Most importantly, we'll connect these real-world issues to the single most important factor behind them: whether the broker is properly regulated. Understanding this connection is key to figuring out the real risk to your capital and making a smart decision.
Original Three days ago
iFX Brokers Review: Do Traders Face Withdrawal Issues, Deposit Credit Failures & Free Coupon Mess?
Have you had to pay several fees at iFX Brokers? Had your trading profit been transferred to a scamming website, causing you losses? Failed to receive withdrawals from your iFX Brokers trading account? Has your deposit failed to reflect in your trading account? Got deceived in the name of a free coupon? Did the broker officials not help you in resolving your queries? Your problems resonate with many of your fellow traders at iFX Brokers. In this iFX Brokers review article, we have explained these problems and attached traders’ screenshots. Read on!
Original Three days ago
NinjaTrader Exposed: Why Traders are Calling Out NinjaTrader’s Lifetime Plan & Chart Data
Did NinjaTrader onboard you in the name of the Lifetime Plan, but its ordinary customer service left you in a poor trading state? Do you witness price chart-related discrepancies on the NinjaTrader app? Did you have to go through numerous identity and address proof checks for account approval? These problems occupy much of the NinjaTrader review online. In this article, we have discussed these through complaint screenshots. Take a look!
Original Three days ago
Questrade Review Pros, Cons and Regulation
Is Questrade legit? Yes—CIRO regulated broker offering stocks, ETFs, forex, CFDs, bonds, and more with low fees and modern platforms.
Original Three days ago
WikiFX Broker
Latest News
GGCC Bonus and Promotions: A Data-Driven Analysis for Experienced Traders
WikiFXClose Up With WikiFX —— Take A Close Look At Amillex
WikiFXCapEx Spending On AI Is Masking Economic Weakness
WikiFXQuestrade Review Pros, Cons and Regulation
WikiFXAccentForex Review: Is It Safe to Invest or Scam?
WikiFXProp Firm Tradeify Signs ‘The Nuke’ as Global Brand Ambassador
WikiFXIn-Depth Review of INZO Deposits, Withdrawals, and Fund Handling
WikiFXVoices of the Golden Insight Award Jury | George Georgiou, the Co-Founder of Dynamic Works
WikiFXIs Your Money Safe? The Capital.com Withdrawal Mystery Revealed
WikiFXIs the AI Boom About to Break? Are We Entering the Next Tech Bubble?
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate