Stay updated with breaking news from Niran Pravithana. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SCBx Group's acquisition of Bitkub looks likely to cause pain for small cryptocurrency operators as it may significantly boost the exchange's market share, which currently stands at 90%, thanks to the bank's large capital reserves and customer base.
Thailand to target DeFi in latest regulatory clampdown A new DeFi yield farming platform in Thailand has rattled regulators. 7283 Total views News In their latest effort to regulate the cryptocurrency industry, Thailand’s financial regulators have turned their sights towards decentralized finance, or DeFi. According to a June 1 report from Bangkok Post, Thailand’s Securities and Exchange Commission (SEC) has announced that any activities related to DeFi may require a license from the financial regulator in the near future. The SEC specifically stated it will target DeFi proto...
Activities related to decentralised finance (DeFi) projects which involve digital coin issuance may require a licence from the regulator in the near future, the Securities and Exchange Commission (SEC) announced.
Thailand’s financial market regulator has taken a keen interest in decentralised finance According to a story reported earlier today by The Bangkok Post, the Thailand Securities and Exchange Commission is set to turn its attention towards the country’s DeFi space. The commission released a statement on Sunday saying that any DeFi-related activities may soon have a compulsory license requirement imposed by the regulator. “The issuance of digital tokens must be authorised and overseen by the Securities and Exchange Commission, and the issuer is required to disclose information and offer t...