Thai SEC Consults on Crypto Lending and Staking BAN

Thailand’s Securities and Exchange Commission (SEC) is seeking public comments on draft regulation prohibiting operators of digital asset businesses from providing or getting involved in any type of crypto staking and lending transactions. Aimed at providing greater investor protection, the proposed regulation would prevent digital asset businesses from accepting deposits of digital assets and lending customer deposits. The draft regulation is also expected to clarify the “scope of supervision of digital asset businesses because they are not under state oversight”. The SEC conducted a public hearing on the proposed regulation in September and October 2022 which proposed prohibiting digital asset businesses from accepting customer deposits for lending, staking and any further deployment of such assets, offering interest payouts on crypto holdings and advertising such services.


CH-020037 (Webpage Portal) 2023-03-10 (Published) 2023-03-14 (Updated)