Thailand’s Securities and Exchange Commission (SEC) has set forth the latest investor protection regulations targeting digital asset service providers. The new rules mandate these platforms to prominently display a trading risks disclaimer warning the customers of the potential risks of cryptocurrency trading. Users must acknowledge these risks before using such services. Notably, the new rules also prohibit service providers from using clients’ funds for lending or investment purposes. The regulations, effective from 31 July, come after a catastrophic cryptocurrency lending crisis in the 2022 bear market that led to the bankruptcy of several crypto lending firms.
Source: https://cointelegraph.com
