The Securities and Exchange Commission (SEC) has scrapped its plan to impose a minimum income requirement of 1 million baht per year for cryptocurrency traders, following an overwhelmingly negative response to the proposal at several public hearings held last month online.
However, the SEC will still require cryptocurrency exchange operators to provide information regarding investment and risks to traders to better inform investors of the highly speculative nature of the assets, which are not tied to market fundamentals.
To qualify as cryptocurrency traders, candidates must complete at least one of three options: a test of their experience in cryptocurrency trading, attend an online cryptocurrency investment training course, or pass a test of their knowledge. Read more…..
Chart of the Day
Gold price will keep sliding, but watch for this rebound level – Chris Vermeulen.