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Thailand Introduces Cryptocurrency Regulation and 15% Capital

  • Published on: May 16, 2018 - 9:06 AM
  • Source: The Merkle

Thailand Introduces Cryptocurrency Regulation and 15% CapitalThailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. Thailand Means Business Although the cryptocurrency regulation in Thailand may sound severe, it is not all that bad when people stick to the basic rules. Bitcoin and altcoins will not be banned, and trading will not be prohibited und …

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