Additional guidelines and laws concerning digital property emerged final week. The Thai Securities and Change Fee has issued new guidelines requiring digital asset service suppliers to: warn prospects of dangers Something associated to cryptocurrency buying and selling. Warning messages should be clearly displayed and companies should be certain that customers consent and are conscious of the dangers earlier than prospects can use the service. Apart from the transaction danger disclaimer, the brand new tips prohibit service suppliers from utilizing consumer funds for loans or investments.
The Financial Authority of Singapore has introduced new necessities for cryptocurrency service suppliers. Maintain consumer property in statutory trusts “This reduces the chance of loss or misuse of buyer property and facilitates restoration of buyer property within the occasion of DPT (digital cost token) service supplier chapter,” the company mentioned.
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