Thailand’s SEC looks to clamp down on crypto lending and staking services

Thailand’s Securities and Exchange Commission (SEC) has opened a public hearing on a draft regulation that would prohibit digital asset business operators from providing or supporting deposit-taking and lending services.

What Thailand hopes to achieve

The proposed regulation seeks to reduce risks associated with these services and clarify the scope of supervision of digital asset businesses.

Currently, digital asset business operators are not permitted to offer or support deposit-taking and lending services in Thailand to protect investors and the public.

The draft regulation also aims to prevent any misconceptions that deposit-taking and lending services are under the same supervision as regulated digital asset businesses.

Draft regulations would prohibit digital asset businesses from accepting deposits of digital assets from customers and lending, investing, staking or…