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Thailand’s Central Bank: Thai 5,564-BTC Fraud Not About Crypto

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Tue, 21/08/2018 - 13:23
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Thailand’s Central Bank: Thai 5,564-BTC Fraud Not About Crypto
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The recent fraud involving a famous Thai actor and the 5,564 BTC stolen from a Finnish investor has got a lot of attention on a global scale. However, the head of the Bank of Thailand (BOT) Veerathai Santiprabhob insists this fraud is not about virtual assets or crypto trading. It is about using money for the wrong purposes.

He reminded everyone that investing in crypto is highly risky owing to volatility and that it is wise to spend only as much funds on crypto as one can afford to part with for good.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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