Thai SEC to Bring A New Ban on Crypto Operators, These Activities Are Prohibited

As the cryptocurrency market gains more maturity, the Securities and Exchange Commission of Thailand is initiating new measures regarding the working of crypto operators.

Reportedly, the Thai SEC is looking to ban or prohibit crypto operators from offering digital asset depository services as well as on the platform’s payment of returns on cryptocurrencies deposited by users and used for lending or reinvesting.

The Thai SEC said that these measures will help protect the traders and retail investors. The recent development comes in the wake of liquidity problems faced by exchanges earlier this year. Also, several crypto lenders, who promised higher interest rates to depositors, faced bankruptcy following a brutal crash in the crypto market. The Thai SEC has proposed the following:

Prohibit crypto business operators from taking deposits of digital assets and further using those digital assets to borrow and invest to pay the depositors.
Prohibiting advertising or soliciting the general public or conducting any activities that would support deposit-taking or lending services.
Prohibiting the digital business operators from accepting digital assets and paying returns to the depositors.

Thai SEC’s Regulatory Measures

The Thai SEC has swung into action following the liquidity problems faced by crypto exchange Zipmex back in July 2022. Back then, Zipmex which had a strong presence in Southeast Asian countries had halted deposits and withdrawals on the platform.

Since then the Thai SEC inquired about the potential losses faced by the public. It also took feedback from the impacted Zipmex users via an online forum. Although the withdrawals from Zipmex resumed quickly for its Thai customers, it has left the SEC in a state of concern. Last week, the Thai SEC also filed a police complaint against crypto exchange Zipmex.

Zipmex exchange assured that they are working with the regulators to fully comply with necessary standards and security measures.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.