The Bank of Thailand has reiterated that cryptocurrencies such as Bitcoin and Ether are not legal tender in Thailand. Money laundering, theft, and price volatility are among the hazards that everyone involved in the trading of digital assets for goods and services, whether as the sender or recipient, may face consequences, If they pose "extensive dangers to the general public or the economic and financial system," regulators may take serious action, according to BOT. Thailand’s central bank is still working on creating a digital currency of its own.
Cryptocurrency trading is "not suited for the general public", according to Singapore's central bank.
Cryptocurrency investors in Singapore may have to go through a risk awareness assessment before being allowed to trade. They will also not be able to use credit cards or any form of borrowing to trade cryptocurrencies. These are among the measures proposed by the Monetary Authority of Singapore (MAS) to protect retail consumers. A risk awareness assessment is also being proposed to ensure that retail customers have sufficient knowledge of the risks involved. DPT service providers will not be allowed to offer any monetary or non-monetary incentives to retail customers upon sign-up, or to any person to encourage referrals of its service.

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