The head of the Bank of Thailand Virachai Santiprabhob came to the defense of cryptocurrencies, noting that they cannot be directly associated with the fraudulent projects.
Recently in Thailand the crooks “pulled” scheme, through which they were able to lure gullible Finnish investor 5564 BTC. The story received wide publicity in the media and became a cause of concern to local regulators.
The head of the Thai Central Bank stressed that the success started by the fraud of the company was not due to the “special” nature of cryptocurrencies.
“The money was used for other purposes”, — said the banker.
However, the head of the Central Bank warned investors about the high risks of investing in the cryptocurrency, due to high price volatility. He added that investors should consider all risks and not to invest more than they can afford to lose.
Earlier, the financial regulator of Thailand has approved a cryptocurrency trading bitcoin, Ethereum, Bitcoin, Cash, Classic, Ethereum, Litecoin, Ripple and Stellar, as well as their use in primary offerings of coins (ICO). Soon the local SEC has promised to approve five Sopoke the entry into force of the relevant law.
Also earlier it was reported that the Bank of Thailand allowed financial institutions to buy and sell the cryptocurrency.
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