Thailand's SEC prohibits exchanges from providing lending and staking services to retail investors

2023-07-03 20:16:12

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ChainCatcher news, the Thai SEC announced that it prohibits exchanges from providing lending and staking services to retail investors. The Thai SEC also introduced a mandatory trading risk disclaimer, requiring all users to be aware that exchange operators must ensure users acknowledge these risks before agreeing to use the services.

In addition, the investor suitability assessment will determine the amount of cryptocurrency users are allowed to invest in. The new regulations will take effect on July 31, 2023.

Previously, the Monetary Authority of Singapore required cryptocurrency trading platforms to hold customer funds in trust, and Singapore will also advance a proposal to prohibit retail investors from borrowing and staking. (Source link)

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