Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities

Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities


The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.”

Thailand Seeks Public Comments on 2 Crypto Regulatory Proposals

The Thai Securities and Exchange Commission (SEC) announced Thursday that it is seeking public comments on two proposals relating to the regulation of crypto assets. The comment period for both proposals ends on Oct. 17.

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The first is a proposal to prohibit businesses from crypto staking and lending activities. The securities watchdog said the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.”

The

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