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Wednesday, May 8, 2024

Thailand Bans ‘Depository Services’, Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News

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Regulation news

  • Thailand’s Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and lending services. According to a press release, the decision to ban “depository services”, which includes paying returns to depositors, was made to protect traders from the risks associated with crypto lenders.
  • SBI Digital Markets, a subsidiary of the digital asset arm of Japan’s financial services giant SBI Holdings, has been granted a Capital Markets Services (CMS) license to offer securities and futures trading services in Singapore, per an announcement. It plans to launch an institutional-grade digital asset…

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