By Michael Scott
Thailand Security Exchange Commission (SEC) has introduced the first-ever crypto academy in the country. The academy will offer a free online course to investors to boost their trading experiences.
Crypto Adoption in Thailand
As the world gears toward high crypto and blockchain adoption, the Thai SEC has made significant moves in the crypto hemisphere. The Thai SEC announced on January 4 the launch of a new crypto academy. The academy will instill crypto knowledge in the growing crypto-savvy population in the country.
Thailand was the first Asian country to embrace crypto regulation aiming to become the leading center in crypto exchanges. The Thai crypto-friendly rules revolutionized the country’s crypto space attracting more investors.
Last year the regulators amended the 2018 crypto regulations after the investors wailed about losing significant amounts in crypto activities. The unhealthy crypto space mandated the regulators to develop strategies to minimize the risk in the crypto market, where the prices are highly volatile.
Course Offered at the Crypto Academy
The Crypto Academy will offer the learner free training and learning materials on cryptocurrency-related topics. The course is divided into four main subsections to ensure investors understand the performance of digital assets.
The first online class will introduce investors to crypto by expounding on significant trading terms and principles.
Additionally, the second training will educate the investors on the distinctive features of crypto assets and the technologies adopted by crypto exchanges. This session is broken further into three main sub-categories. Firstly, the training will introduce the investors to the largest crypto exchange, Bitcoin. Afterward, training will offer learning resources on decentralized and peer-to-peer technologies.
Subsequent training will analyze the change that has taken place in the crypto realm. The class will explore past crypto events and predict future advancement in crypto tokens, prices, and market trends. Additionally, the third class will discuss changes in the metaverse ecosystem. It will also elucidate distinctive features of the non-fungible tokens (NFT) collection.
Beyond this, the fourth training will be a “wrap-up class” equipping investors with trading skills. Forecasting the crypto market outlook will be taught to the investors.
A notable similarity between the Crypto Academy and the traditional education system is witnessed at the last training stage. The final session will involve a Crypto Quotient (CQ) that will enable the learner to assess the ability to grasp crypto content.
Remarks from Thai Crypto Regulators
Last August, Thai Finance Minister and the popular crypto politician Arkhom Termpittayapaisith announced the government’s steadier plans on crypto regulations. Earlier in July 2022, the Secretary General of the Thai SEC lamented crypto price volatility. She urged the regulators to develop a better supervisory mechanism.
In the meantime, the regulators demonstrate a positive stance towards the Crypto Academy. They are hopeful that educating the investors will reduce trading risks.