Post
Topic
Board Speculation (Altcoins)
Re: Thailand legalized 7 Crypto-currency.
by
benedictonathan
on 19/06/2018, 13:37:32 UTC


All market players participating in transactions with digital assets must register before August 14, 2018 and then receive approval from the Ministry of Finance. This applies to crypto-exchanges, brokers and dealers, as well as issuers of ICO.

Now this is what I am afraid will happen at the cost of legalization. I am already fine with KYC by private bitcoin exchanges and wallets but national registration to the Ministry of Finance? Now they are building a database of their citizens who are engaging in cryptocurrencies. Possibly outlawing anybody that is not registered and might be called to see if that unregistered person is committing some sort of criminal activity. Not registering to that national database would be fatal to ones ambition to stay anonymous to a currency designed to be "anonymous".