State authorities working to reduce online rip-offs have signedupwith forces, pressing for the advancement of guidelines to monitor the purchase and sale of cryptocurrencies on a peer-to-peer (P2P) basis. According to these firms, fraudsters invest the cash gotten from their wicked activities to buy cryptocurrencies P2P, intending to minimize the danger of being traced following the scams. The Securities and Exchange Commission (SEC) requires to change or establish existing guidelines associated to digital properties to manage P2P activities and limitation the channel for fraudsters, stated Prasert Jantararuangthong, digital economy and society (DES) minister. Of overall online scams damage approximated at 100 million baht per day, approximately 80% of scammers usage the P2P channel for cash transfers duetothefactthat it is not controlled, according to the ministry. Mr Prasert stated the SEC might have to researchstudy and thinkabout releasing extra conditions to monitor the P2P channel of crypto exchange activities. Existing policies focus on managing crypto trading on unauthorised market exchanges. He stated the focus on the P2P channel is part of a series of procedures to establish total options to manage online scams and call centre gangs. Mr Prasert stated there are 2 million crypto accounts held by people, according to the SEC. “The relocation to manage the P2P platform would not impact cryptocurrency traders on authorised exchanges,” he stated. Mr Prasert held a conference on April 9 with associated authorit
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