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).