law and may be exposed to risks of frauds and scams as well as the potential misuse of funds for money laundering by offenders. Investors can verify the list of digital asset business licensees on the
as follows: (1) Waiving the operational fee for licensed securities companies for converting NVDR to common shares for Thai investors, on the condition that the licensees must also waive
business to apply for related licenses without license fee as is the case with the existing rules. In addition, the existing licensees wishing to apply for Type E Securities Business License or Private
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
must not be utilized as if the business operators do not operate the business themselves.Moreover, outsourcing to non-licensees will be permissible as well. The business operators simply give the SEC
an account with, they should seek verification from the firm before making any transactions.? Before making decision to use any wealth management services, investors can check the list of licensees and
), (2), (3), (7) and (8), excluding the licensees which are commercial banks, finance companies or financial institutions established under the specific laws, for the business operation as per Clause 4(1
business operation as per Clause 4(1), (2), (3), (7) and (8), excluding the licensees which are commercial banks, finance companies or financial institutions established under the specific laws, for the