SEC seeks to regulate decentralised finance

Published by
The Bangkok Post

SEC seeks to regulate decentralised finance DeFi projects may need to have licences Activities related to decentralised finance (DeFi) projects which involve digital coin issuance may require a licence from the regulator in the near future, the Securities and Exchange Commission (SEC) announced. The statement was released on Sunday afternoon after a DeFi farming platform named Tuktuk Finance debuted on Bitkub Chain in the morning. The price of TUK token, the native token of Tuktuk Finance, soared to several hundred US dollars and then collapsed to $1 within just a few minutes. It is the first …

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