global effort to reduce carbon emissions leading to global warming. SEC has therefore upgraded the Online Fund Approval and Management System (“OFAM”) to accommodate paperless filings.Businesses can
the execution of electronic transactions which would be deemed as fully legitimate as normal transactions, for example, transactions related to businesses under the SEC supervision, subscription
digital assets to facilitate illegal financial transactions, while ensuring regulatory clarity to facilitate legitimate uses of digital assets.? Pursuant to the Royal Decree, digital assets include
regulations governing digital token offering and digital asset businesses. Such principles and relevant draft regulations abide by the new law's underlying purposes of facilitating legitimate uses of digital
front, new technologies will also be applied for capital market development and supervision and for upgraded cybersecurity. (3) Capital market’s prospects are steered towards sustainability through the