• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

🚀 OCTA: Things Are Melting Up Quietly 🔥📈

2025-05-27

Guess Who is Buying $2.5B of Bitcoin | Bull Run Continues

2025-05-27

How To Configure Bitcoin Knots (To Stop Relaying Spam)

2025-05-27

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15
  • Videos

    🚀 OCTA: Things Are Melting Up Quietly 🔥📈

    2025-05-27

    Guess Who is Buying $2.5B of Bitcoin | Bull Run Continues

    2025-05-27

    How To Configure Bitcoin Knots (To Stop Relaying Spam)

    2025-05-27

    Bitcoin Investors…Get Ready For An Explosive Week

    2025-05-26

    Bitcoin’s Next Stop…$130,000 and Beyond

    2025-05-26
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Thailand SEC wants public feedback on crypto lending, staking ban
Regulation

Thailand SEC wants public feedback on crypto lending, staking ban

2023-03-11No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Thailand’s Securities and Exchange Commission (SEC) is preparing to hold a new public hearing on a potential ban on staking and lending services in the country.

Thailand’s SEC officially announced on March 8 that the authority is seeking public comments on a draft regulation prohibiting virtual asset service providers (VASPs) from providing or getting involved in any type of crypto staking and lending transactions.

According to the SEC’s policy, VASPs should not be allowed to deploy users’ deposits and provide lending services to prevent possible damage to investors in the case of services’ termination. Additionally, the draft regulation is expected further to clarify the scope of supervision of digital asset businesses because they are currently not fully supervised, the SEC stated, adding:

“The proposed regulation aims to provide greater protection to investors, reduce associated risks, and prevent a misunderstanding that deposit taking and lending services are under the same supervision as regulated digital asset businesses.”

In the announcement, the securities regulator mentioned that the SEC conducted a public hearing on the principle of the proposed regulation in September and October 2022. The draft regulation would essentially prohibit VASPs from accepting user deposits for lending, staking and any further deployment of such assets, offering interest payouts on crypto holdings and advertising such services.

The authority has invited stakeholders and interested parties to submit their feedback and suggestions via the SEC’s website or email by April 7, 2023.

Related: SEC snubbed as Voyager wins court approval for sale to Binance.US

The news comes amid the SEC of Thailand beefing up the country’s cryptocurrency rules in response to the ongoing crisis in the crypto lending industry.

See also  South Korea ramps up crypto security with new investor protection laws

Many major industry lenders — including Voyager Digital, Celsius Network, Genesis Global, Babel Finance and Hodlnaut — have encountered serious liquidity issues amid the ongoing crypto bear market, pushing some firms to restructure or liquidate their business. Gemini, a major crypto exchange founded by Tyler and Cameron Winklevoss, is facing a lawsuit from the United States’ SEC for alleged violations in its “Earn” program, designed to offer investors up to 8.05% in annual gains.

Ban Crypto feedback Lending public SEC staking Thailand
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

2025-05-26

5 Crypto Indicators You NEED NOW: Top Tips For Max Gains!

2025-05-25

CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

MEW COIN WILL FLIP DOGWIFHAT?! IS MEW COIN THE NEXT SHIBA INU?!

2024-06-03

Mew Coin is taking over the internet! Will $Mew Flip DogWifHat?! – Visit Play Doge…

DeFi

Maker Co-Founder Rune Christensen Dispels “Freeze Function” Rumors Ahead Of USDS Launch

2024-08-28

Rune Christensen, co-founder of the recently rebranded Maker protocol, has clarified that there will be…

Videos

🌐OCTA: Breaking Bitcoin News – 🚀Where to Next

2024-01-09

BItcoin #Spot #SOL #Breaking #NVDA #OnChain #Gold #tesla JOIN THE FAMILY: http://www.patreon.com/investanswers IA …

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

🚀 OCTA: Things Are Melting Up Quietly 🔥📈

2025-05-27

Guess Who is Buying $2.5B of Bitcoin | Bull Run Continues

2025-05-27

How To Configure Bitcoin Knots (To Stop Relaying Spam)

2025-05-27

Bitcoin Investors…Get Ready For An Explosive Week

2025-05-26
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,606.29
ethereum
Ethereum (ETH) $ 2,613.06
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.19
bnb
BNB (BNB) $ 670.41
solana
Solana (SOL) $ 162.92
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.204668
tron
TRON (TRX) $ 0.271627
cardano
Cardano (ADA) $ 0.7024
bitcoin
Bitcoin (BTC) $ 105,606.29
ethereum
Ethereum (ETH) $ 2,613.06
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.19
bnb
BNB (BNB) $ 670.41
solana
Solana (SOL) $ 162.92
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.204668
tron
TRON (TRX) $ 0.271627
cardano
Cardano (ADA) $ 0.7024