The move is coming after a DeFi-based project was launched without the necessary approval.
All digital asset businesses without the prerequisite license will be punishable under the Digital Assets Act.
The DeFi sector in Thailand could be facing a more restricted environment as the country’s Securities and Exchange Commission has stepped up in its regulation.
The regulatory body announced that digital tokens issued and offered for transactions must receive the necessary approval. This also includes decentralized finance (DeFi) projects.
The move is coming after the launch of a DeFi project
Are you looking for fast-news, hot-tips and market analysis?