The Securities and Exchange Commission of Thailand (SEC) has banned local exchanges from trading meme cryptocurrencies, fan tokens, and NFTs. The restrictions will affect cryptocurrencies like Dogecoin and collectibles in the form of non-interchangeable tokens. The head of the SEC, Ruenwadi Suwanmongkol, said that the agency has prepared a guide for crypto exchanges describing the signs of digital assets prohibited for trading. They primarily concern coins that "do not have clear goals or content, and are developing according to trends dictated by social networks." Digital currencies based on Internet memes and native exchange tokens are also banned. The restrictions came into force on June 11 and are not retroactive. Within 30 days, trading platforms must review their rules, otherwise it will lead to forced delisting of coins. #Cryptocurrency
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