Thailand bans trade in NFT and certain types of tokens – Bits Media

Thailand Securities Commission (SEC) approved new rules for cryptocurrency exchanges. They prohibit NFT trading, Fanatic tokenami and tokenami memami, as well as tokens of exchanges.

The rules emphasize, What is crypto acts, released by exchanges, should correspond to individual white books (White Paper), as well as other existing requirements for digital assets. If the exchanges cannot fulfill these requirements, The token should be removed from the platform.

Thai exchanges were allocated 30 Days to adjust his leaflet policy and exclude tokens. The new rules actually prohibit the trade in such tokens, like Dogecoin and Bitkub Coin - a token of a local cryptocurrency exchange.

SEC Thailand is quite rigidly regulates cryptocurrencies and exchanges in the country. So, In May, the regulator obliged
users of cryptocurrency exchanges undergo mandatory identification procedures. SEC also released the requirement, according to which only citizens of the country with income more 1 mln bat ($32 000) can invest in cryptocurrencies. However, after public indignation, the requirement was revoked.

Previously reported, that the SEC Thailanda plans to oblige to the issuers of Defi tokens receive a special license.