involved and, if interested to make an investment, contact only legally approved digital asset business operators. For more information and the SEC list of approved or licensed entities, please visit
commencement of the prosecutor’s case filing to the Court of Appeal’s final decision, was relatively fast, taking only two years and three months to complete. Should the defendants fail to comply with the
, as opposed to the current requirement of investment proportion only; (3) Requiring the token issuer to take additional duties in managing assets and to provide a mechanism for
addressing potential damage from operational risks. For example, a lower ongoing capital requirement would be permissible specifically for intermediaries that only provide asset management services excluding
documents (in Thai language only) are available at https://capital.sec.or.th/webapp/phs/upload/phs1553660337hearing-15-2562.pdf
website beforehand. Currently, only digital asset business operators who have been operating since before 14 May 2018 and apply for licenses within 14 August 2018 are allowed to continue their business
borrowing and lending, and joint venture management. As a result, any intermediary wishing to operate only brokerage business, for example, would have to meet the high minimum paid-up capital rule despite its
public prosecutor then filed the case with the Southern Bangkok Criminal Court where only the charge against Kittipat was accepted.The Southern Bangkok Criminal Court today convicted Kittipat for violating
investment. The SEC therefore urges those interesting in derivatives investments to deal only with licensed business operators to avoid scams and rip-offs. List of licensees is available at the SEC website
allowed to invest in derivatives only for hedging. Furthermore, for provident funds with a ?do it yourself? (DIY) policy that allow the fund members to determine their own investment proportion in