Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
фото показано с : news.bitcoin.com

2021-6-12 14:30

The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges.

Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies

The Thai Securities and Exchange Commission (SEC) announced Friday that its board of directors has approved new rules governing cryptocurrency exchanges. Secretary-General Ruenvadee Suwanmongkol stated that the board meeting held on June 9 had passed a resolution approving the SEC Notification No. Kor Thor. 18/2564, which sets forth the rules.

Digital asset exchanges are prohibited from “providing services related to utility tokens or cryptocurrencies that have any of the following characteristics,” the SEC notice details:

(1) Meme token: having no clear objective or substance or underlying, and whose price running on social media trends; (2) Fan token: tokenized by the fame of influencers; (3) Non-fungible token (NFT).

The prohibition also includes “Digital tokens which are utilized in a blockchain transaction and issued by digital asset exchanges or related persons.”

Although, the SEC did not mention the name of any specific coins, meme cryptocurrencies, like dogecoin (DOGE) and shiba inu coin (SHIB), are likely affected.

Crypto exchanges must also set a requirement “to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange.” Token issuers failing to comply with their white papers and relevant rules risk having their tokens delisted from the exchange, the regulator warned.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

According to the SEC notice, “This new regulatory guideline aims to enhance protection of digital asset traders’ interest.” It adds:

The exchanges are required to comply and revise their listing rules in accordance with the Notification within 30 days from the effective date thereof.

The Thai SEC also noted that “After publication in the Government Gazette, the Notification has become effective from 11 June 2021 onwards without retrospective effect.”

What do you think about Thailand banning these cryptocurrencies from trading on crypto exchanges? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dragon Coins (DRG) на Currencies.ru

$ 0.0041142 (-0.21%)
Объем 24H $57
Изменеия 24h: 1.39 %, 7d: -0.73 %
Cегодня L: $0.0041142 - H: $0.0041142
Капитализация $1.434m Rank 99999
Цена в час новости $ 0.0174218 (-76.38%)

coins exchanges crypto meme fan tokens nfts

coins exchanges → Результатов: 126


Фото:

Bitcoin in Brief: Exchanges Expanding, Brave Adds Tor, Tether ”Double Spent”

If you thought that only proof of work coins were susceptible to double spending attacks, you haven’t met tether. The world’s ninth largest crypto by market cap and second largest by volume is meant to be a haven in a sea of uncertainty, but even it’s not immune to jiggery-pokery, as we’ll learn in today’s […] The post Bitcoin in Brief: Exchanges Expanding, Brave Adds Tor, Tether ”Double Spent” appeared first on Bitcoin News.

2018-6-29 12:55


Experts say Cryptocurrency Crimes will be on the Rise this Year

The cryptocurrency space is filled with crime. Bitcoin and other cryptocurrencies are used everyday for the dealing of contraband goods and prohibited services.   Cryptocurrency Exchanges are being hacked and robbed of millions at an increasing rate, money laundering efforts are being aided by various coins, and ICO scams continue to cast doubt over the […] The post Experts say Cryptocurrency Crimes will be on the Rise this Year appeared first on ZyCrypto.

2018-6-24 21:22


Фото:

High Chance Amazon Will Partner With Ripple (XRP) In 2018

Not content with being one of the most ubiquitous companies in the world, it is speculated that Amazon is highly likely to partner with Ripple (XRP) in 2018. Ripple, an international real-time gross settlement company dealing in currency exchange, supports cryptocurrency exchanges and flat coins, has been exploring growth expansion into the banking sector.

2018-6-20 17:30