The proposed amendments are grouped into six key areas as follows: (1) Digital Capital Market Promotion: updating legal frameworks to fully support electronic processes in the capital market and introducing provisions for Digital Infrastructure Main Operator; (2) Supervision of Securities and Derivatives Business Operators: revising regulations for major shareholders of business operators and adding oversight provisions related to the personnel in securities and derivatives businesses; ...
Pursuant to the Emergency Decree on Digital Asset Businesses of 2018, digital asset business operators are required to obtain a relevant license from the Minister of Finance. Since 2018, three types of digital asset business licenses have been added to the licensing list, making the total of six license types, namely: Digital Asset Exchange, Digital Asset Broker, Digital Asset Dealer, Digital Asset Advisor, Digital Asset Fund Manager, and Custodial Wallet Provider. In this regard, it is importan...