The crypto community disagrees with the Securities and Exchange Commission’s (SEC) proposed adoption of price ceiling and floor rules to curb price volatility because it is against a price mechanism, but says it supports the regulator’s enforcement of punishment for price manipulators. The community also agrees local digital asset exchanges should take timely warning measures […]
Read MoreThe country’s reopening needs to continue with a more cautious approach amid concerns over the new Omicron variant, says the Tourism Council of Thailand (TCT). After detection of the first Omicron case in the country, local communities should not panic, but instead follow advice from public health experts such as the World Health Organization and […]
Read MoreSouth Korea and ASEAN have agreed to cut red tape in customs checks to boost trade, until they see the coronavirus pandemic subside, the Korean finance ministry said on December 6. Copies of a product’s certificate of origin will now be accepted for tariff cuts guaranteed under their free trade agreement that took effect in […]
Read MoreCambodia’s much-anticipated anti-trust legislation was signed into law by the King on October 5 and came into force the next day but there’s still some confusion about how it will be enforced. That’s because the principal regulator. the Cambodia Competition Commission (CCC) has not yet been appointed. Without this key position filled it is unclear […]
Read MoreDeposits have decreased sharply in the State Bank of Vietnam, but liquidity is still in abundance. This could be attributed to credit growth this year which has recovered although it is still slow. As of 29 October, new credit growth had reached 8.72%. Although this level is surprising compared to the previous forecast and higher […]
Read MoreBANGKOK (BLOOMBERG) – The Bank of Thailand said commercial banks should avoid “direct involvement” in trading of digital assets, citing their high volatility and potential risks to financial and payment stability. Commercial banks should focus on safety, “as they are responsible for the deposits of the people”, BOT senior director Chayawadee Chai-Anant said at a briefing […]
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