Wissanu Krea-ngam, the Deputy Prime Minister of Thailand, has called for more regulations on cryptocurrencies.
Earlier this year Thailand introduced a regulatory framework for cryptocurrencies. Krea-ngam said that new measures must be introduced both domestically and internationally.
Krea-ngam was recently a part of the Counter-Terrorism Financing Summit. Meantime, he said that experts should not be satisfied with current security protocols so as not to shuffle behind criminals that would use digital currencies for funding terrorism or money laundering. Krea-ngam also added that the anonymous nature of some
cryptocurrencies poses the security challenges.
I just looked into the
site now and i discovered that they were more specific about certain companies, which are present allowed to offer digital currency services, which are just seven (7) in number, while there are some other fourteen (14) that are not allowed. Then they are likely after the registration of those companies with the government, which are feel will be safer for the investors.