According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will be barred from “providing services or supporting deposit-taking [and] lending services.”
The Crypto Risk Warning
Thailand’s Securities and Exchange Commission has announced new guidelines that require digital asset service providers to warn of “potential risks associated with trading cryptocurrencies.” According to the securities regulator, all regulated digital asset platforms are to supposed to start displaying this warning on July 31.
In its July 3 statement, the securities regulator added that the message must not only be visible but must ensure prospective investors fully understand the risks involved.
“Cryptocurrencies are high-risk. Please study and understand the risks of crypto
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