Share this article
Thailand SEC Issues Regulations for Crypto Custody Providers
The regulator says custodians should have a contingency plan if something goes wrong.
Updated Jan 18, 2023, 3:41 p.m. Published Jan 18, 2023, 11:53 a.m.
Thailand's Securities and Exchange Commission has issued regulations for crypto custody providers to establish a digital wallet-management system to ensure the safety of customers' assets, according to a press release on Tuesday.
The regulations, which took effect on Monday, offer policies and guidelines for overseeing the management of digital wallets and keys plus procedures for designing digital wallets. The regulation also says custodians need to have a contingency plan in case an event occurs that could affect the management system of digital wallets and keys.
STORY CONTINUES BELOW
Thailand's financial regulator has been clamping down on the crypto industry lately. In September, it banned crypto firms from offering staking and lending services and established stricter crypto advertising rules.
Regulators around the word have been toughening up their crypto stance following the collapse of crypto exchange FTX which filed for bankruptcy in November.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
December FOMC minutes show the Fed is worried short-term funding could seize up
Fed officials were focused less on rate moves and more on whether the financial system has enough cash to avoid sudden disruptions.
What to know:
- Fed officials have grown increasingly focused on whether the financial system has sufficient cash to function smoothly, even if interest rates remain steady.
- The December FOMC minutes show concern that short-term funding stress can emerge quietly and trigger sudden volatility.
- The minutes outline steps aimed at preventing cash shortages before seasonal pressures intensify in early 2026.
Top Stories
