Crypto-Asset Platforms to Face Stricter Rules in Thailand

Digital-asset platforms need more supervision to limit risk
Thai SEC chief says custodian licensing is being mulled

Thailand plans to tighten supervision of digital-asset firms after a cryptocurrency selloff saddled retail investors with large losses and toppled several companies, the country’s top regulator said.

The Securities & Exchange Commission is looking to amend existing digital-asset regulations, most of which were approved in 2018, said Secretary-General Ruenvadee Suwanmongkol. Proposals include stricter qualifications for management and licensing of crypto custodians, she said, without providing specific details.

Source: https://www.bloomberg.com/news/articles/2022-07-21/crypto-asset-platforms-to-face-stricter-regulations-in-thailand#xj4y7vzkg