Decentralized finance (DeFi) projects may require licenses to operate legally in Thailand, says the country’s Securities and Exchange Commission (SEC).
“The issuance of digital tokens must be authorized and overseen by the Securities and Exchange Commission and the issuer is required to disclose information and offer the coins through the token portals licensed under the Digital Asset Decree,” the Bangkok Post quoted the SEC as saying.
Regulating DeFi
The news has caused a divide within the crypto community.
Some welcome the prospect of regulation as a legitimating factor for the growth of DeFi, while others claim that decentralized finance and regulation are polar opposites.
“It has become clearer that some types of DeFi are under-regulated, and we could see the SEC-regulated DeFi platforms in the future,” Dome Charoenyost, head developer of MVP Coin, told the Bangkok Post.
Niran Pravithana, co-founder and CEO of fintech start-up Ava Advisor, added that the announ
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