Factoids for the day:
- According to the SEC, this decision to ban BTC and cryptocurrencies originate from the lack of customer safeguards, risks of price fluctuations, money laundering as well as cyber theft.
- For consumers, starting from April 1, they will no longer be able to use cryptocurrencies to purchase goods and services. For businesses, they have up to 30 days to phase out crypto payments.
- No advertisements or promotions about crypto payments will be allowed.
- Thailand will not go ahead with its 15% tax plan on crypto assets after facing strong opposition from traders.
- In 2021, Thailand banned investors from making transactions involving memecoins, non-fungible tokens (NFTs), and social tokens.
