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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Altcoin1998$ on June 01, 2021, 09:57:13 PM

Title: Thailand to target DeFi in latest regulatory clampdown
Post by: Altcoin1998$ on June 01, 2021, 09:57:13 PM
A new DeFi yield farming platform in Thailand has rattled regulators. In their latest effort to regulate the cryptocurrency industry, Thailand’s financial regulators have turned their sights toward decentralized finance, or DeFi.
According to a June 1 report from Bangkok Post, Thailand’s Securities and Exchange Commission (SEC) has announced that any activities related to DeFi may require a license from the financial regulator in the near future. The SEC specifically stated it will target DeFi protocols that issue tokens.source (https://cryptonews.net/733489/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)