Thailand bans crypto payments

The SEC is asking for feedback from the public on the proposals until Feb. 8 before implementing them. Digital-asset operators will need to comply with new regulations within 15 days of them being finalized.

• Merchants will not be allowed to operate e-wallets to receive customers’ payments in the form of digital assets

• Merchants must refrain from advertising, promoting and facilitating digital assets as means of payments
• Participants such as exchange operators and brokerages must not support or promote use of digital assets as means of payments

Wow. Way to get Thais interested in crypto.

“As the current payment system in Thailand is already highly efficient, the use of digital assets to pay for goods and services would not add much benefit to consumers and businesses, the SEC said in a statement on Tuesday.

😂😂😂

So efficient that you have to ban people from desperately seeking alternatives?

Like Turkey.... Tells you exactly what they are afraid of.

Nobody is afraid of another "SoV" asset. Everyone is afraid of functioning p2p2 cash that can replace their money printer.

This is why it is so fucking important. It will change the world. Fuck BTC for their betrayal.

• Cryptocurrency --> Digital assets (👎 medium of exchange)
• Bitcoin: P2P payment system --> Bitcoin: useless digital gold system (👎 medium of exchange)
• Banned to use as a means of payment (👎 medium of exchange)
• Coming soon: Ban on crypto transfers and anonymous addresses (👎 medium of exchange)

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