Thai regulator to offer free training for crypto traders

SEC secretary-general Ruenvadee Suwanmongkol said that under the new regulations, cryptocurrency traders must have previous experience or training to prove their knowledge of cryptocurrency. This would help protect investors against trading risks, she said.

BANGKOK: The Securities and Exchange Commission (SEC) committee has agreed to establish new regulations covering cryptocurrency trading, including a free training course.

SEC secretary-general Ruenvadee Suwanmongkol said that under the new regulations, cryptocurrency traders must have previous experience or training to prove their knowledge of cryptocurrency.

This would help protect investors against trading risks, she said.

The SEC will launch a weekly “Crypto 101” training course via the Start-to-Invest Facebook Live platform on Thursday.

“The SEC will improve regulations in line with the committee’s resolution as soon as possible, ” the commission said.

The move comes after a proposal to impose a one-million-baht annual income requirement on cryptocurrency investors drew criticism from people who said it would exclude low and middle-income earners from the crypto market.

The SEC walked back on the proposal and announced new training and regulations instead. — The Nation/ANN.