Thailand Seeks Public Comments On Cryptocurrency Regulatory Proposals

The Securities and Exchange Commission (SEC) in Thailand has sought public opinion on some proposals regarding the regulation of crypto assets.

The SEC, in a statement released on Thursday, said that the call for comments will end on Oct. 17.

One of the proposals seeks to make unlawful, the lending, investment, staking, and use of digital assets by businesses.

This is in addition to making it unlawful for businesses to accept deposits in digital assets from customers.

“Crypto firms also cannot accept “deposit of digital assets from the customers and pay the customers regular interests or other types of benefits from their source of fund.” Moreover, they are prohibited from “Providing support to third parties that undertake crypto saving and lending services, including marketing.” the SEC said.

The second proposal seeks to make it mandatory for digital asset companies to disclose risk information to users before admitting them to their platforms.

This information will be as proposed by the SEC.

The securities watchdog said the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.”


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Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin40,699 0.27 % 3.40 % 9.03 %
Ethereum2,213.1 0.05 % 2.26 % 7.83 %
Tether1.000 0.07 % 0.05 % 0.07 %
BNB229.33 0.19 % 0.03 % 0.38 %
XRP0.6295 0.39 % 1.74 % 3.18 %
Solana63.94 0.09 % 1.19 % 12.46 %
USDC1.000 0.04 % 0.10 % 0.03 %
Lido Staked Ether2,213.4 0.22 % 2.17 % 8.19 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %