Thailand and CBDC

Thailand and CBDC

By Simplify Crypto | Simplify Crypto | 4 Apr 2021

The Securities and Exchange Commission (SEC) of Thailand will offer a free training course for investors with no experience in crypto trading.

In a Thai SEC Live, Secretary General Ruenvadee Suwanmongkol said that those who intend to invest in crypto must have experience in this type of negotiation.

The Entity's intention is to teach and prepare new investors.

The free course will be called Crypto 101, and will also assess the ability to make exchanges or trades, and position yourself in long-term investments (hodl).

In principle, the Course would be made available only to wealthier investors, however, the SEC removed this clause from the Course notice in order to be able to cover investors in general.

Thailand's SEC is still thinking it will be mandatory for people to invest in crypto in the country.

If it becomes mandatory, people who already invest will have to take the Course, too.

In another state-owned enterprise, the Central Bank of Thailand is holding a public discussion on the launch of its Central Bank digital currency (CBDC).

The Entity will carry out the survey by mid-June this year.

The Thai Government's intention is to introduce the concept of CBDC and assess the population's acceptance of this new model of digital money.

Thailand, like almost all countries in the world, is already developing its CBDC, but the tests are only expected to start in 2022.

At the moment the Central Bank of Thailand is more concerned with studying in more detail the technical, operational and legal aspects of using the CBDC for use among large financial institutions.

Only after this will it be made available for trade in general.

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Simplify Crypto
Simplify Crypto

Trying to help people to understand the crypto world from the basic concepts to the crypto projects purpose. My articles are publish in Publish0x and Hive

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