SEC strongly bans platforms in Thailand from offering crypto loans and deposits
in the last evening It opened up for investor comments and banned the platform in Thailand from offering crypto credit and deposit services with payouts to depositors. The details are as follows. The Office of the Securities and Exchange Commission (SEC) welcomes its opinions on the principle prohibiting digital asset operators from providing or supporting digital asset depository services that pay returns to depositors. and deposit taking & lending to protect traders and the public from service providers’ business risks. According to the SEC in the meeting No. 12/2022 on September 1, 2022 approved the principle of prescribing rules prohibiting digital asset business operators to provide or support digital asset depository services. with the payment of returns to depositors and deposit taking & lending to protect traders and the general public from the risks of such transaction providers as well as to help reduce problems that may be misunderstood as a service that is regulated by a regulatory authority. until it may lead to damage to the people Because there is no supervision both at home and abroad. And at present, there are many foreign service providers who face liquidity problems that have to stop their services and suspend the withdrawal of digital assets of customers. supervise the matter The key points are as follows: (1) Digital asset business operators are prohibited from Take deposit of digital assets and take deposited digital assets for loan or investment. and pay returns to the depositor (2) Digital asset business operators are prohibited Accepting digital assets by paying returns to depositors Even if such returns do not come from taking advantage of the digital assets deposited (for example, it may come from the promotional budget of the company or group companies, for example), unless it is a promotion in accordance with the rules prescribed by the Board of Directors. The SEC has announced that (3) prohibiting or soliciting the general public or doing any other act in the manner of supporting the deposit taking & lending services under (1) and (2) of the service provider or other persons. such as
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