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Cryptocurrency investors in Thailand are being warned to not invest in Somdejcoin, or SDC, which is called after a revered Buddhist monk and developed by a temple within the southern province Trang.Thailand’s Securities and Exchange Commission, or SEC, issued an official statement yesterday warning traders and traders about the decentralised finance token, claiming that the coin’s investment knowledge continues to be unclear in some ways.The coin, created as a commemorative coin with a restricted quantity of sixty six,186,727 tokens, which is the same as the Thai inhabitants in 2020, by Wat Pa Mahayan in Trang and a basis, nonetheless needs to show that it must match the qualifications before buying and selling, according to the regulator. https://solarcellexperts.com/ is now planning to contact Satang Pro, a digital exchange the place SDC is listed, to see if the coin complies with the exchange’s listing necessities and not fall into one of four categories of cash that are not allowed to list on any change: meme tokens, fan tokens, non-fungible tokens, and any digital tokens issued by the exchanges.Some elements of the coin’s investment information, such because the benefit redemption necessities and exchange price, are currently unknown. Prior to buying and selling, permission from the National Buddhism Office or different appropriate regulators could additionally be necessary, and the funds will be divided three ways: to assist Buddhism, to boost liquidity, and to add cash for traders with a 9% transaction cost.Apparently, the internet site www.somdejcoin.com has been suspended..<img width="323" src="">