SEC open to hearing from investors following ban on providing or supporting deposit taking & lending services
Siamblockchain – Recently, the Securities and Exchange Commission (SEC) has announced a ban on digital asset operators from providing or supporting deposit taking & lending services, resulting in a large number of companies dissatisfied. The SEC has given an opportunity to hear opinions on the draft announcement regarding the prohibition of digital asset business operators from providing or supporting digital asset custodian services that pay deposits to depositors and lending (deposit taking). & lending) to increase the protection of traders and the public from service provider business risks. And to make it clear regarding the scope of government supervision according to the SEC’s concept of prohibiting digital asset business operators from providing or supporting deposit taking & lending services in order to prevent damage that may occur Happens to digital asset traders and the public from the service cessation, including the financial problems of such forms of service providers. Because in the past, many Crypto Lending companies have stopped providing services in a continuous or simultaneous manner, as has happened to foreign service providers in the past. and to clarify the regulatory scope of the digital asset business. Since such business is not under the supervision of the government, the SEC has therefore prepared a draft announcement in accordance with the principles that have been open for comments from relevant parties in September-October 2022 according to the resolution of the The SEC at its meeting No. 12/2022 on September 1, 2022 and asked to hear opinions on the draft announcement. The essence of which is as follows: (1) Digital asset business operators are prohibited from accepting digital asset custody. and bring the deposited digital assets to borrow or invest (2) Digital asset business operators are prohibited from accepting digital asset deposits.
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