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Thailand Bans Meme- and Fan-Based Tokens From Digital Exchanges

Ruenvadee Suwanmongkol
Ruenvadee SuwanmongkolSource: Securities & Exchange Commission

Thailand’s Securities and Exchange Commission has banned digital asset exchanges from trading meme- or fan-based tokens, non-fungible tokens and exchange-issued tokens.

The regulation, which is expected to affect tokens like Dogecoin as well as tokenized arts and collectibles, was enacted Friday with immediate effect, although it’s not retroactive, according to a statement from the regulator.