. Karin Zia-Zarifi, Consultant of the Securities and Exchange Commission for their assistance with the translation.
. A trustee's main duties are to: oversee that the trust instrument is established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a
including coins in games or points to redeem for products or services are not regarded as operating digital assets businesses . For providers who service trading digital assets with Thai baht pegged stable
information related to digital asset investment via the Electronic Information Transmission System of the Stock Exchange of Thailand (SET), their own company websites and the annual registration statement
duties with efficiency, fairness and transparency; focuses on promoting and developing the operation of the securities businesses. At present, three associations related to the securities business are as
2011 to early 2015 with achievements in lifting up the Thai capital market to match the international standards, enhancing trustworthiness with up-to-date supervisory and preventive measures, promoting
approval for digital token offering would be limited to companies established under Thai law in accordance with the policy of the Ministry of Finance. The approval criteria include clear disclosure of
confirmation documents to make sure that they are truly issued by the banks or the asset management companies in charge, and to update their fund books (if any) in the following business day to prevent damage
managers who have been operating such businesses since before 27 November 2020 and would like to continue such business operation that they are required to apply for the respective licenses with the SEC by
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