Thailand SEC to regulate DeFi projects

According to BlockBeats, on June 1, the Bangkok Post reported that the Securities and Exchange Commission of Thailand (SEC) announced that it will soon regulate any DeFi-related activities in Thailand, that is, the operation of DeFi projects may require the permission of financial regulators, especially DeFi protocols that issue tokens will be more strictly regulated. According to reports in April this year, the application of cryptocurrencies in Thailand has increased by nearly 600% since November last year. DeFi is also becoming more and more popular. In the past year, Thailand ranked second in the world in search traffic for the keyword "decentralized finance".