Thai regulators ban crypto lending, deposit-taking services

Thai regulators ban crypto lending, deposit-taking services

FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

Along with Singapore, Thailand on Monday unveiled new regulations that will ban crypto exchanges from offering staking and lending services, as watchdogs across the globe step up scrutiny of digital asset trading. 

Edited by: Joymitra Rai