Thailand SEC, crypto lending and stakingseeks public feedback on the ban.
Thailand’s securities regulator believes that crypto firms should not be allowed to distribute users’ deposits and provide lending services. Thailand Securities and Exchange Commission( SEC), plans to hold a new public hearing on the potential ban on staking and lending services in the country.
Public opinion will be taken
Thailand SEC, March 8In an announcement in .
According to the SEC’s policy, to avoid potential losses to investors in the event of service termination VASP‘s should not be allowed to distribute users’ deposits and provide lending services. SECHe further stated that the draft regulation is expected to further clarify the scope of auditing of digital asset businesses because they are not currently audited.
In the announcement, the securities regulator SECof September and October 2022 It was stated that he held a public hearing on the principle of the proposed regulation in . Draft regulation, VASPaccepting user deposits for lending, staking and further distribution of such assets, offering interest payments on crypto assets, and advertising any of such services.
In the announcement, the feedback and suggestions of the interested parties April 7, 2023‘up to SEC‘s were requested to send them via the website or via e-mail.
