Former Thai Finance Minister Calls for Crypto Regulation

A former finance minister of Thailand has voiced his support for new regulations around cryptocurrency trading and initial coin offerings (ICOs).

Korn Chatikavanij previously served as the country’s finance minister between the end of 2008 and mid-2011. Now chairman of The Thai Fintech Association, a startup accelerator, he said in an interview last week that his organization supports the Thailand Securities and Exchange Commission’s plan to introduce dedicated rules for activities around the tech.

“I agree with the Finance Ministry’s [view] of letting the SEC be the only organization governing digital assets, because it already oversees securities and has a profound understanding of digital assets,” said Korn, according to a Friday report by the Bangkok Post.

His comments came after a months-long public consultation period that was extended twice past its original completion date of January 22nd…

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