EXP Asset : Unlicensed digital asset business (Disclosure Date : 09/08/2019)
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
Bangkok, 23 February 2024 – The Securities and Exchange Commission Board (SEC Board) has passed a resolution to recommend the revocation of digital asset business license of Zipmex Co., Ltd
of relevant laws to prohibit digital asset business operators from using digital assets as a means of payment for goods and services which may lead to a widespread use of digital assets beyond the
performance of introducing broker agents, and (3) establishment of compliance unit of digital asset business operators to be in line with the regulations governing securities business operators and
Essentially, the amendments would apply to digital asset business operators, i.e., exchanges, brokers and dealers, and cover the licensing process, from change to the fee payment time frame to
undertaking of digital asset business without license, subject to the offenses under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). The SEC is in consideration for taking further actions