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Thailand Issues New Regulations on Custodied Cryptocurrencies
The 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 probes crypto exchange Zipmex ahead of its acquisition
Thai SEC probes crypto exchange Zipmex ahead of its acquisition
The Thai SEC is reportedly probing whether Zipmex breached local rules. Zipmex is being acquired by V Ventures for $100 million. Crypto exchange Zipmex has become the subject of a probe by the Securities and Exchange Commission (SEC) of Thailand. The Thai securities regulator is probing the exchange to determine whether it breached local rules […]
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Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities
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 The Thai…
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Thai SEC to Bring A New Ban on Crypto Operators, These Activities Are Prohibited
Thai SEC to Bring A New Ban on Crypto Operators, These Activities Are Prohibited
As the cryptocurrency market gains more maturity, the Securities and Exchange Commission of Thailand is initiating new measures regarding the working of crypto operators. Reportedly, the Thai SEC is looking to ban or prohibit crypto operators from offering digital asset depository services as well as on the platform’s payment of returns… Read more
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Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’
Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’
The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand’s SEC, and government agencies.
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Thai Securities Regulator Propose Fresh Legislation for Crypto Custodians
Thai Securities Regulator Propose Fresh Legislation for Crypto Custodians
Cryptocurrencies can no longer be classified as a niche sector in light of the tremendous development made. At the moment, the primary worry with this emerging industry seems to be with regulations that define how the technology fits into our present economy. As of now, Thailand’s Securities and Exchange Commission (SEC) has taken the nextRead More
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Thailand's Central Bank Cautions Against Using Crypto as a Means of Payment
Thailand's Central Bank Cautions Against Using Crypto as a Means of Payment
The Bank of Thailand (BOT) has issued a warning against using digital assets as a payment method, stating it could work with the country’s Securities and Exchange Commission (SEC) if crypto payments become widespread. BOT Against the Widespread Adoption of Crypto for Payments The BOT made the warning in a press release on Thursday (JulyRead More
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Bank of Thailand Set to Regulate Stablecoins, Says Bank Official
Bank of Thailand Set to Regulate Stablecoins, Says Bank Official
The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies. Thailand Consulting With Stakeholders on Stablecoins Regulation This latest development was revealed by the Central Bank’s assistant governor, Siritida Panomwon Na Ayudhya onRead More
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