News Forum - Thai authorities issue warning on Trang temple’s cryptocurrency

[Thaiger]

Cryptocurrency investors in Thailand are being warned not to invest in Somdejcoin, or SDC, which is named after a revered Buddhist monk and developed by a temple in the southern province Trang. Thailand’s Securities and Exchange Commission, or SEC, issued an official statement yesterday warning traders and investors about the decentralised finance token, claiming that the coin’s investment data is still unclear in many ways. The coin, created as a commemorative coin with a restricted amount of 66,186,727 tokens, which is equal to the Thai population in 2020, by Wat Pa Mahayan in Trang and a foundation, still needs to […]

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[Dedinbed]

18 minutes ago, Thaiger said:

Cryptocurrency investors in Thailand are being warned not to invest in Somdejcoin

warned .! sounds a bit coin-descending does that .. 

[Jason]

A bitcoin with the image of the Buddha? I don't think so. Considering yesterday Indonesian Islamics, forbade Muslims from buying bitcoin in that country. I'm surprised the Thaiger has gotten away with showing an image of the Buddha on a coin!