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tldr
- Thailand has imposed restrictions on cryptocurrency custodial and lending services.
- New regulations require licensed crypto exchanges to separate their trading activities from custodial and lending services.
- Non-compliant firms risk fines of up to $93,681 per day for each violation.
- Existing operators have until May 30, 2023 to comply with new rules.
- International companies may apply for exemptions but must meet strict qualifications and register as foreign financial institutions (FFIs).