Thailand Issues New Regulations on Custodied Cryptocurrencies

Thailand Issues New Regulations on Custodied CryptocurrenciesThe Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clients’ assets,” the regulator described. Thai SEC’s New Crypto Rules Thailand’s Securities […]

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Thai SEC Launches ‘Crypto Academy’ to Help Digital Asset Investors

Thai SEC Launches 'Crypto Academy' to Help Digital Asset InvestorsThe Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you will have,” the Thai regulator emphasized. Thai SEC’s Crypto Academy Launched The Thai Securities and Exchange Commission (SEC) announced Wednesday that […]

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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 […]

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Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets

Thailand to Tighten Crypto Oversight, Give More Powers to Central BankThailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment […]

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Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto ExchangesThe Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies The Thai Securities and Exchange […]

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Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion

Thai Financial Regulator Claims Controversial Crypto Rules Proposal Was Just to Gauge Public OpinionThe Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post, the Thai SEC is retracting from […]

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New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading Accounts

New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading AccountsThailand seeks to introduce a new set of rules for retail crypto investors, specifically targeting those who want to open accounts. The Thai financial watchdog could require domestic crypto exchanges to ask traders for proof of income. Thai SEC Could Also Ask Crypto Investors to Prove Their Knowledge of the Market According to a Bloomberg […]

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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive OutagesThe Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok […]

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Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges

Thailand's New Rules Help Securities Companies Launch Crypto ExchangesThailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules which help securities companies provide crypto services, the Bangkok Post reported […]

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