Thai SEC Mandates Risk Disclosures for Crypto Business Operators

Thailand’s Securities and Exchange Commission makes it mandatory for digital asset business operators to disclose cryptocurrency trading risks as the regulator shores up measures to protect investors.

• Digital asset entities must disclose a warning about potential risks associated with cryptocurrency trade and notify basic asset allocation prior to providing services, SEC says in statement Monday
  • Trading risk disclosure rule will take effect on July 31 following royal gazette announcement
• SEC also prohibits operators from providing “deposit taking and lending services,” except in some cases as allowed by SEC rules
  • Operators aren’t allowed to accept digital asset deposits and bring these ...