Thailand’s SEC Publishes Comprehensive Digital Asset Management Policy

Thailand’s Securities and Exchange Commission (SEC) has announced its overall digital asset management policy, covering all aspects of the digital asset market. The policy will supervise the issuance and supply of digital tokens in the primary market, and supervise operators of digital asset businesses in the secondary market.

In addition, while supporting the development of innovative technology, it will ensure that a comprehensive investor protection mechanism is in place, which is conducive to the sustainable development of the capital market and the technological economy.

The new policy is in line with the four considerations of international capital market regulators and reflects the situation of the global digital asset industry. These considerations include monitoring conflicts of interest, storing and dividing client assets, preventing unfair practices, and international cooperation. The policy focuses on supporting the digital economy, innovation and the use of technology to raise capital while maintaining appropriate investor protections.

At its recent meeting, the SEC board approved a rule review aimed at helping custodial wallet providers become more flexible and relevant. The review will enable service providers of listed companies and group subsidiaries with experience in client asset custody to provide services to digital asset trading operators.

The SEC also agreed to review the rules for raising funds through investment digital token offerings to match the product’s level of risk. They will also review reputation standards for digital asset business operators and licensing requirements for other businesses to more effectively monitor financial business activities and digital products.

Additionally, the SEC has introduced a policy that allows securities business operators to offer digital token offerings for investment and digital token offerings for use cases where it is not available. However, if a securities operator wishes to provide services related to cryptocurrencies and utility tokens, it must be a separate legal entity.

While cryptocurrencies and utility tokens are highly risky, the SEC is taking steps to ensure that mutual fund investments for retail investors are more proportionate to the risks. The SEC is processing this information in greater detail to reduce risks that could affect client assets and securities operations.

Overall, the SEC’s new digital asset management policy aims to create a more complete digital asset ecosystem while protecting investors and supporting innovation and technological development. The SEC is committed to listening to stakeholders and ensuring that investors and businesses are protected under Thai law.

  • Thailand’s Securities and Exchange Commission prohibits digital asset companies from providing lending services and taking deposits
  • Thailand’s SEC requires exchanges to establish a digital wallet management system

board pass

according to Kyptos

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