Compare with different regulatory event:

Description

Closed consultation on draft regulation prohibiting crypto deposit taking and lending services

On 7 April 2023, Thailand’s Securities and Exchange Commission (SEC) closed its consultation on a draft regulation prohibiting digital asset business operators from providing or getting involved with crypto deposit taking and lending services. The regulation aims to provide greater protection to investors, reduce associated risks, and prevent a misunderstanding that deposit taking and lending services are under the same supervision as regulated digital asset businesses. Specifically, the regulation would prohibit operators from accepting digital asset deposits from their customers and lending, investing, staking or employing digital assets; accepting deposits of such assets and paying regular interests or other benefits; and advertising or otherwise supporting such deposit-taking by other service providers. The SEC clarifies that the prohibition would not include general transfers of digital assets or knowledge dissemination on decentralised finance.

Original source

Scope

Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

Hide details
2023-03-08
in consultation

On 8 March 2023, Thailand’s Securities and Exchange Commission (SEC) opened a consultation on a dra…

2023-04-07
processing consultation

On 7 April 2023, Thailand’s Securities and Exchange Commission (SEC) closed its consultation on a d…