Thailand Readies First ICO Portal, Junta Wants More Control | NewsBTC

clicks | 6 months ago | Google AI sentiment 0.10 | comments: discuss | tags: cryptocurrency

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He went on to confirm that no changes will be made to the existing regulations regarding digital currencies in the county. The SEC remains open to input from ICO issues aiming to launch future coin offerings. Junta Wants More Control
In a related report Deputy Prime Minister, Wissanu Krea-ngam, has called for more control over cryptocurrencies citing that old demon, terrorism financing. He told participants of a Counter-Terrorism Financing Summit that “more efforts – both domestically and internationally – are needed to keep up with changing times and tactics,” in direct reference to digital assets.
He added that AML (anti-money laundering) and counter terrorism experts should not be satisfied with their understanding of cryptocurrencies and need to ‘update their knowledge’. Regulations on digital currency trading have been implemented this year but according to the politician this is not enough; “the laws need to be amended in the future so that we can better keep up with technological changes,” he added.
Thailand is currently in the grips of a military junta which seized power four years ago. Since then ministers have ‘shot from the hip’ several times, especially regarding technology that they do not comprehend. About-turns are commonplace in Thailand , the most recent example being the rescinding of the proposed 7% VAT on all crypto trades which would have crippled the industry in the county....