standardize business practices to ensure that operators are well-equipped in terms of management structure, work systems, particularly an efficient information technology (IT) systems with a penetration test
addition, on 8 July 2021 the Bank of Thailand (BOT) has warned against the use of digital assets, which are not legal tender, as a means of payment for goods and products. The payers and receivers of digital
regard, the Bank of Thailand (BOT) and the SEC have discussed and considered it necessary to regulate the matter. The existing digital asset business operators are required to comply with the regulations
citizenship; and (4) corporate resilience Principle 1.3 The board should ensure that all directors and executives perform their responsibilities in compliance with their fiduciary duties, and that the company
should ensure that the company has effective and appropriate risk management and internal control systems that are aligned with the company’s objectives, goals and strategies, and comply with applicable
integrity of the company’s financial reporting system and that timely and accurate disclosure of all material information regarding the company is made consistent with applicable requirements. Principle 7.2
SEC is rather to ensure fair treatment and that investors have sufficient tools to protect their own rights. The SEC has used important measures in building confidence of investors as shareholders or
, etc. There are two types of administrative actions taken by the SEC Office, namely: Administrative order issued in accordance with the governing laws when a regulated person fails to maintain
digital asset business operators. Pursuant to the Emergency Decree on Digital Asset Businesses of 2018, digital asset business operators are required to obtain a relevant license from the Minister of
. This is for the case that they have common major shareholders if they are able to comply with the independence criteria as specified by the SEC Board; (3) Undertaking of Other Businesses: Requiring