Presently, the digital asset business operators are required to hold shareholders’ equity as a minimum capital requirement to assure their sufficient capital for continuous business operations
-making. Any entity wishing to operate a digital asset business must obtain an approval from the Minister of Finance and meet the SEC requirements regarding, for example, adequate sources of capital
Bangkok, 17 May 2018 ? The SEC is seeking public comments on the principles and draft regulations under the Digital Asset Business Law to lay out guidelines for supervising offering of digital tokens
In pursuant to the Royal Decree on Digital Asset Businesses, B.E. 2561, which took effect on 14 May 2018, allows existing digital asset business operators who submit their requests to SEC within 90
On 15 August 2023, the SEC Board Meeting No. 12/2566 approved the proposed amendment to such advertisement regulations. The SEC is therefore inviting the public and the business sector to comment on the proposed amendment and the draft regulations. The proposed amendment is summarized as below: 1) the current regulation requiring DA operators to submit each advertisement piece and relevant details to the SEC for approval (Clause 34/5 of the Notification of the Securities and Exchange...
The revised licensing manual gives more convenience to business operators wishing to apply for a digital asset business license by adding the checklist of required documents, the rules related to
The revised licensing manual gives more convenience to business operators wishing to apply for a digital asset business license by adding the checklist of required documents, the rules related to
therefore urging digital asset business operators to emphasize the importance of cybersecurity on a continuing basis and to assign a responsible entity to oversee the matter to ensure that they can provide
response but Binance failed to submit a response within the specified time. The aforementioned activities of Binance is liable to operating digital asset business in the category of digital asset exchange
those failing to comply with the law may be imposed with legal action.” On 2 July 2021, the SEC filed a criminal complaint against Binance,* a foreign digital asset business operator, for providing