Thai authorities banned exchanges from trading meme tokens

by in Cryptocurrency News

Meme coins

The most famous meme cryptocurrency is Dogecoin (DOGE). This coin is periodically praised by Tesla CEO Elon Musk.

However, other joke tokens are available on crypto exchanges. Among them, for example, Piscoin and CumRocket stand out.

Thailand's Securities and Exchange Commission has banned all platforms from trading in meme coins. The decision to ban trading in such instruments was made in the middle of this week, but it was published only the day before.

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The exchanges have 29 days to exclude such digital currencies from listing. In addition, the prohibition of trading applies to NFT tokens.

In a statement from the Thai regulator, it is noted that all comic coins are dubious instruments. Their cost varies with the activity of users of social networks. In addition, the country's authorities have banned tokens issued by companies and people.