Thai SEC has officially announced that it is seeking public feedback on proposed regulations that would prevent Virtual Power Providers (VASPs) from offering or accepting any type of crypto and credit transactions. According to SEC policy VASPs must not be allowed to use consumer deposits or provide loan services to avoid potential losses to investors in the event of service termination. In addition, the regulatory framework is currently underexplored and is expected to further expand the scope of control over digital business assets. Thai SEC Proposes New Rules For Crypto-Backed Securities (VASP) The securities regulator stated in the notification that The post Thai SEC Seeks Public Feedback on Ban on Crypto Lending, Staking appeared first on Cryptoknowmics-Crypto News and Media Platform .
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