law having measures for investor protection comparable to those provided under the SEA. Furthermore, penal provisions will also be amended to punish those committed offences under the SEA overseas but
wallet provider, and other rules related to the digital asset business operations. The main objectives of the proposed amendments were to build an adequate and appropriate investor protection mechanisms in
Upon the review of the Securities and Exchange Act, SEC finds that certain provisions of the law do not support the issuance of debt securities under the current economic situations. For example, the
with the transitional provisions, are allowed to operate their digital asset businesses.Five of them are seeking licenses to operate as digital asset exchanges:(1) Bitcoin Co., Ltd. (BX / website
amended regulations has been published in the Government Gazette and has become effective since 1 March 2022. The transitional provisions thereof allow digital asset business operators a period of three to
._____________________________Remark:Eight businesses are allowed to operate digital asset businesses according to the transitional provisions (including SEADEX).Six businesses seeking licenses to operate as digital asset exchanges:(1
Customer (KYC), fit and proper personnel, standard sales process, management of customers’ digital assets and related data, and capital adequacy. There are also new provisions about the accountability of the