has updated the progress of the joint efforts with the TDO in developing the preventive measures and industry standard to eliminate and block mule accounts in the digital asset industry. These

digital asset investment activities.   Additionally, DA operators are required to retain the accurate, complete and updated records mentioned above for at least five years from the date of such operations

accurate and updated records of clients’ assets; and   (3) Seeking benefits from clients’ fiat money shall be prohibited except in the form of deposit with commercial bank(s). In this regard, digital asset

the client is legally capable for executing legal acts with digital asset business operators, and review the KYC to ensure that the client’s information is updated and accurate when it appears that the

digital asset investment activities. In this regard, DA operators would be required to retain the accurate, complete and updated records mentioned above for at least five years from the date of such

In November 2022, the SEC published a consultation paper on the proposed amendment to capital requirements for digital asset business operators which includes paid-up and ongoing capital as well as

The SEC’s policy is to strengthen the oversight of digital asset business operators with a focus on continued quality development and investor protection reliability of such business operators. This

also been updated to align with those applicable to other digital asset businesses that hold client assets; *          (2) Revision to the Risk Charge Requirements for Digital Tokens without Custody Risk

, investors, regulated business operators, and agencies within the capital markets and digital asset markets, aiming to raise awareness and preparedness against online threats. In addition, it fosters

investors.  4. ICO issuers and business operators related to digital assets may submit a request for a reporting extension with supporting reasons, as follows: 4.1) ICO issuers for the annual updated