Thailand is now looking to make and effect changes to the crypto clime, and also with customer protection in mind. According to SEC Secretary-general Ruenvadee Suwanmongkol, the Commission is currently combing the royal decree to find out if there are any areas that might be detrimental to the growth of the sector in the country. She said:
“[Authorities] must be flexible to apply the rules and regulations in line with the market environment. For example, laws should not be outdated and should serve market needs, especially for new digital asset products, and be competitive with the global market. We need to explore any possible obstacles.”
Thailand has previous announced the use of blockchain to tackle tax avoidance.
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