Thai Securities Regulator Requires Digital Asset Service Providers to Warn of Crypto Investment Risks

The Securities and Exchange Commission of Thailand has announced new rules requiring digital asset service providers to warn investors of "potential risks associated with trading cryptocurrencies." The commission said all regulated digital asset platforms should display the warning on July 31.

In a July 3 statement, the commission added that the warning message should not only be visible to potential investors, but also ensure that they fully understand the risks involved.

"Cryptocurrencies are high-risk. Please study and understand the risks of cryptocurrencies thoroughly. because you may lose the entire amount invested."

In addition to disclosing potential risks, the new rules also said that digital asset business operators will be prohibited from offering interest on deposits or lending out user funds as of Aug. 30.

The new rules come less than a year after U.S. securities regulator approved a requirement that obliges digital asset service providers to warn potential investors of the risks involved.

(Source: Bitcoin.com)