Thailand’s Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and lending services.
Thailand, one of the leading countries in Asia in terms of crypto currency adaptation, became the subject of the agenda with an unexpected ban. The country’s Securities and Exchange Commission (SEC) Thursday, September 15 announced today that it has banned crypto companies in the country from offering staking and loan services. The ban announced by the regulatory agency, many related companies that lend users with cryptocurrencies. to protect from risk reported to have been received.
The regulator launched an investigation against the cryptocurrency exchange Zipmex, which stopped its withdrawals last July. Zipmex In response to this investigation, his team announced that user assets are safely stored and they need time to open transactions. In addition, the Zipmex exchange operates in Singapore, Australia and Indonesia, as well as Thailand.
Thailand recent chainalysis According to his research, it is in the worldwide cryptocurrency adoption chart. eighth place is located. Banning staking and lending options on exchanges may be restrictive in terms of the spread of Proof-of-Stake (PoS) cryptocurrencies such as Ethereum.