“Penphisut Pheu Thai Party” pleads with the SEC to help them gain knowledge and confidence Regarding the custody of digital assets of Thai customers to increase investor confidence behind the global asset trading center FTX goes bankrupt
Date 16 Nov. 2022 Ms.Penphisut Jintasopon Pheu Thai Party’s candidate for MP Bangkok mentioned the recent bankruptcy of FTX Global Trading Center that he was concerned about the safety of investors’ assets in Thailand. Ask the Securities and Exchange Commission (SEC) to help educate investors about digital asset storage, which Crypto Wallets currently come in many forms.
The latest in the case of the collapse of FTX is a trading center.digital assetsWith trading volume ranked in the top 5 in the world and also has a subsidiary named Alameda Research acting as a giant Venture Capital that invests in various startup projects. However, on November 2, 2022, the past has Alameda Research’s accounting data has leaked, suggesting the company’s balance sheet is questionable.
From these data, market investors are worried. Simultaneously withdraw assets from FTX, causing a lack of liquidity. and eventually declared bankruptcy. Causing a lot of damage
Ms. Penphisut said that this bankruptcy affecting investors in a wide range of digital asset markets Including investors in digital assets in Thailand as well. For this reason, we would like to request the SEC to help educate investors in the preservation of digital assets. Currently, there are crypto wallets, both hot wallets and cold wallets, and establishes the use of Proof of Reserve (POR) standards as a new standard for transparency in the cryptocurrency trading platform market.
However, if the SEC helps provide knowledge to build confidence for investors and create transparency in the cryptocurrency market. Able to increase confidence in the digital asset investment market in Thailand to increase the capacity to become a Digital Hub in Thailand.
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