The decision comes as Thailand’s retail trader market is dwindling. Data from the country’s Securities and Exchange Commission cited by Bloomberg showed the number of active trading accounts fell to 260,000 in July from 692,000 in January, coinciding with a fall in crypto prices. Bitcoin (BTC) is now 69% lower than its record high, with ether (ETH) and other major cryptocurrencies such as solana (SOL) registering declines of as much as 86%, CoinGecko data shows.
Originally Posted on: https://www.coindesk.com/business/2022/08/26/thai-energy-billionaire-turns-to-crypto-to-boost-growth-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Shaurya Malwa