Regulatory Crackdown: Thailand Targets Deceptive Crypto Ads
The Thai SEC said the rules were designed to protect consumers and mitigate the risks of scams in the industry.
The Thai SEC said the rules were designed to protect consumers and mitigate the risks of scams in the industry.
The planned introduction of the crypto and stablecoin rules in July is part of the country’s efforts to become a global crypto hub.
The London Stock Exchange (LSE) stipulates that crypto ETNs must be physically backed and non-leveraged. Additionally, these assets must be held by a custodian compliant with Anti-Money Laundering regulations.
Baanx plans to expand its footprint outside the UK market to the United States and Latin America later this year at an undisclosed date.
The government has expressed the need to create an environment that encourages investment, innovation, and scalability for crypto entities.
Now, Binance is looking to re-enter the market to expand its global presence. However, according to Bloomberg sources, the company is struggling to secure new partners with FCA approval.
Crypto.com will provide customers in the country with a suite of e-money products that are localized for the UK.
The UK government appears to be intent on expanding digital assets throughout the nation. To this effect, it now looks forward to passing legislation to implement the Digital Securities Sandbox (DSS).
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption.
With this approval, PayPal joins firms like Interactive Brokers, Bitstamp, and Komainu that have been granted crypto registration this year.