Advisor” and “Digital Asset Fund Manager” shall be two new types of digital asset business subject to SEC’s supervision. Therefore, any person who wants to conduct any of these new businesses is required to
proposal. The drafted regulations specify digital asset custodial wallet provider as a digital asset business which is required to apply for a license, and prescribe provisions on supervision of digital
asset business under the SEC supervision. Additionally, the regulatory framework for digital asset exchanges has been revised to enhance oversight mechanisms and address concerns related to price
experiences on applying technology and innovation to promote the development and supervision of the capital market. This event marking the fifth consecutive SEC Digital Services seminar took place on 18 October
and guidelines for overseeing risk management and management of digital wallets and keys as well as communication to clarify such policy, action plans and procedures, work supervision and internal
Sukonthaman said: ?The SEC supervision takes into serious account intermediaries? managerial structure and work systems to ensure protection of clients? best interest and the overall market reliability. Some of