Pursuant to the Ministerial Notification concerning Approval for Undertaking of Digital Asset Businesses, effective since 13 July 2022, DA custodial wallet provider is required to obtain a DA
The SEC proposed the amendments to the regulations for the Funds investing in digital assets to ensure fair competition among business types and enhance asset allocation benefits for investors
In May 2024, the SEC conducted a public hearing on the proposed amendments to the regulations governing the management and storage of data related to digital asset business operations with the
relevant details to the SEC for approval (Clause 34/5 of the Notification of the Securities and Exchange Commission No. Kor Thor. 19/2561 Re: Rules, Conditions and Procedures for Undertaking Digital
clients shall be prohibited, including in the form of deposit and lending to other persons, except in the form of digital asset investment with licensed digital asset fund managers. The notification of the
of related matters including notification to the clients regarding asset refunds or asset transfers to other digital asset operators according to the clients? order, the Ministry of Finance is allowing
digital asset business operators. Essentially, the proposed amendment would allow digital asset fund managers to apply for a quota to execute foreign exchange transactions with financial institutions in
business cessation; however, to ensure proper proceeding of related matters including notification to the clients regarding asset refunds or asset transfers to other digital asset operators according to the
Commission No. Kor Thor. 18/2564 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses (No. 11). After publication in the Government Gazette, the Notification has become effective
The issuance of the notification is in response to the consideration that (1) digital asset traders should be informed about potential risks associated with the use of digital asset storage