As the rate of Cryptocurrency adoption increases daily the more effective awareness and campaign were raised to educate people on digital currency (crypto), this has bring about the expression of interest and caution projected by the prime minister of Thailand, he said and i quote:"Many crypto investment platforms in
Thailand operate illegally, and the Prime Minister has warned the public to be watchful when using these platforms, as legal recourse is not possible, should something go wrong. These platforms often use advertising hype to attract traders.
While the Prime Minister is glad that people are investing, he would like citizens to consider that they could lose all their investments and must consider investments carefully, especially when opening trading accounts for children". The fact that he show interest in people Investing clear the air of unnecessary doubt regarding it operations and just as the fiat banks can open an account for underage same they fully understand that crypto investment shouldn't be left alone with the tender age (children) alone and any investment must be thoroughly investigated before engagement.
Base on my observations regarding challenges some countries had with crypto firms due to it lack of being regulated, though its true anyone from nowhere can come up with crypto trading investment and later turn a scam but how can we balance the challenges encountered by genuine investments, exchanges, custodians and mining firms to fully operate without the encounter of regulation requirement by their respective governments?