issue an operating license. Those who are interested to operate digital asset businesses can submit their request for licensing. SEC will consider qualifications according to the determined process
with the transitional provisions, are allowed to operate their digital asset businesses.Five of them are seeking licenses to operate as digital asset exchanges:(1) Bitcoin Co., Ltd. (BX / website
? pre-determined investment scope.The proposed rules have taken into consideration the public?s and stakeholders? comments and suggestions collected from the hearing on the guiding principles in last
Upon the review of the Securities and Exchange Act, SEC finds that certain provisions of the law do not support the issuance of debt securities under the current economic situations. For example, the
On 2 March 2023, the SEC Board Meeting No. 5/2566 passed a resolution approving in principle the proposed amendments to the regulations regarding the ICO of investment token, digital asset custodial wallet provider, and other rules related to the digital asset business operations. The main objectives of the proposed amendments were to build an adequate and appropriate investor protection mechanisms in alignment with associated digital asset risks, while continuing to support the use of technolog...
SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of
The provisions proposed to be added are as follows: (1) Provision that will require the association to operate its affairs in accordance with the rules prescribed by SEC Board. If
that facilitates market innovation, and enable market practitioners? self-regulatory functions. The proposed amendments will revoke all provisions on associations related to securities business currently
other related rules. The draft amendment, having previously undergone a focus group consultation, aims to remove impractical procedures and enhance consistency of relevant provisions under the principle
additional provisions and disclosure procedures to be in line with internationally recognized standards to enhance investor confidence. ___________________________________