Recently, the Ministry of Finance has prescribed Digital Asset Custodial Wallet Provider as a new type of digital asset business, resulting in the total of six digital asset businesses.* In addition, the BOT has revised the scope of the Regulatory Sandbox Guidelines for the application of digital technologies to further develop financial innovations and specified additional conditions for automatic programmable payment.  To ensure that the services provided by digital asset business operators wi...

The SEC has recently issued a rule revising the definitions of institutional investor, ultra-high net worth investor and high net worth investor* used for investment in financial products under the SEC’s supervision. Under the new rule, which will become effective from 1 October 2022 onwards, the qualifications of such investors are amended to incorporate an aspect of adequate financial knowledge and relevant experience as a means to further gauge investors’ ability to take risks. The new...

. 3/2565 passed a resolution approving the proposed amendment whereby directors and executives will be allowed to hold the position at a limited number of companies. For example, Chief Executive Officer

types of securities business license, namely (1) Type E Securities Business License* for equity instruments, and (2) Private Fund Management License. The proposed amendment aims to increase choices of