Pursuant to the Ministerial Notification concerning Approval for Undertaking of Digital Asset Businesses, effective since 13 July 2022, DA custodial wallet provider is required to obtain a DA
Presently, supervising “digital asset businesses” under the royal decree on digital asset businesses, B.E. 2561 cover three business groups: digital asset exchange; digital asset broker; and
on Regulatory and Supervision of Digital Asset Advisory Service and Digital Asset Fund Manager
Advisor” and “Digital Asset Fund Manager” shall be two new types of digital asset business subject to SEC’s supervision. Therefore, any person who wants to conduct any of these new businesses is required to
Advisor” and “Digital Asset Fund Manager” shall be two new types of digital asset business subject to SEC’s supervision. Therefore, any person who wants to conduct any of these new businesses is required to
proposal. The drafted regulations specify digital asset custodial wallet provider as a digital asset business which is required to apply for a license, and prescribe provisions on supervision of digital
and guidelines for overseeing risk management and management of digital wallets and keys as well as communication to clarify such policy, action plans and procedures, work supervision and internal
On 10 November 2023, the SEC Board Meeting No. 15/2566 passed a resolution approving a regulatory review on the supervision of digital asset custodial wallet providers. The approval included granting
necessary information for investment decisions. Besides, the related business operators may not be under the SEC's supervision, and the digital tokens may not be supported by any secondary market and lack
of SEC-approved digital assets or under SEC’s supervision. SEC therefore advises investors to be careful if solicited to invest in such products.Investors must be seriously aware of the risks