SEC initiated the regulatory guillotine scheme with the key objectives of streamlining procedures, processes and documents required to be submitted to SEC and revising or repealing the existing regulations to remain only those necessary and consistent with current situations. These efforts aim to strengthen business sectors’ competitiveness, and reduce operating costs of private sectors and burdens on private sectors and the public in line with the principles under Section 77 of the Const...
authorized directors and managers: Requiring DA operators to appoint a person with at least one year of experience in digital assets or completes the SEC-recognized digital asset course to be the authorized