"We don't want banks directly participating in virtual currency trading because financial institutions are (responsible) for customer deposits and the general public, and there is risk."

As per a Bangkok Post story, the new round of central bank restriction of digital assets comes when financial institutions are investing in local crypto exchanges.

In early November, Thailand's oldest bank, Siam Commercial Bank (SCB), revealed that it was obtaining a 51 percent share in Bitkub, the country's largest crypto exchange.

In late August, the Zipmex cryptocurrency exchange received $1.3 billion in funding from the Bank of Ayudhya, the nation's fifth-largest lender.

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Despite their increasing popularity among people, businesses, and institutions in Thailand, the Bank of Thailand (BoT) has taken a harsher approach against crypto-assets.

"If foreign currencies are extensively utilized, it will harm the central bank's capacity to monitor the economy," BoT senior director Sakkapop Panyanukul told firms last week. He referred to tokens that were not backed by assets as "blank coins."

Another undisclosed investor wants to rescue a collapsed South African crypto firm

A new anonymous investor has agreed to bail out Africrypt, the defunct crypto investment firm located in South Africa, with $5 million. The firm must accept the offer within seven days, and it does not entail the dismissal of criminal prosecution involving Africrypt's directors.

According to a rumor, a new anonymous investor has given $5 million to bail out the defunct crypto investment firm Africrypt. On the other hand, investors have seven days to receive an offer made on December 3, 2021.

According to Bitcoin.com News, an undisclosed investor had initially offered $5 million in exchange for 51 percent of Africrypt's shares. The investor demanded that all criminal charges against Africrypt's missing directors, Raees and Amir Cajee, be discontinued as part of the deal.

Unlike the previous bailout offer, the new one does not oblige creditors to accept the conditions provided by the first investors, as per Moneyweb.

Nonetheless, this new offer compels investors to receive a portion of their original investment.

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As a result of this requirement, Afrcrypt investors will not profit from the growth in the worth of crypto assets purchased by the company in September 2019. According to the article, investors would only be entitled to compensation ten times less than the current worth of the digital assets they are owed.

Although the identity of the two new mystery investors remains unclear, Ruann Kruger, a legal counsel for Africrypt's liquidators, is reported in the report as saying that the second investment is a corporation. The lawyer also explained that about 35 of their existing 181 investors have agreed to accept the offer.

Money managers claim that cryptocurrency is the 'leading contender' for a correction

Cryptocurrencies were eventually accepted by organizations in 2021, according to several estimates. According to those same money managers, the asset class is due for a huge selloff next year.

As per a survey conducted for Natixis Investment Managers, virtual currencies are the "leading contender" for a "big correction" in 2022. Nearly three-quarters of organizations surveyed believe they're not appropriate for most individual investors.

Meanwhile, cryptocurrencies are now being invested in by 28% of all institutions polled, with nearly a third planning to expand their crypto allocations in the coming year. Overall, 8% of all investment firms polled — those who invest in digital assets and those who don't — hope to improve their holdings in the coming year.

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This year, many large fund managers and pension funds began to experiment with cryptocurrency, as well as some well-known investors are known for their financial market expertise. Many people believe that digital assets like Bitcoin might operate as good inflation hedges in a stimulus-heavy climate.

Although crypto is highly unstable, it is not uncommon for various tokens to have massive profits. The Bloomberg Galaxy Crypto Index, which tracks the top cryptocurrencies, has gained approximately 200 percent in 2021.