Thailand Tightens Crypto Funding Rules
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Thailands Securities and Exchange Commission proposes stricter regulations for crypto funding, aiming to combat money laundering and illicit activities. The new rules require approval for anyone backing major shareholders, including financiers, guarantors, and contract investors. This move aligns with a broader trend in Asia, following South Koreas cap on exchange stakes. The proposal is open for public comment until April 22nd.
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