effect from 16 June 2021. To ensure that business operators understand and comply with the regulations prescribed in the said Notifications properly, the SEC would like to provide clarificatory notes to

. Chapter 5 Penal Provisions Section 33. Any person in proposing a project under Section 10 presents false information or conceals facts which should have been stated shall be subject to a fine [footnoteRef:8

that the statements or particulars in the registration statement for an offering of digital tokens and prospectus are false or fail to disclose material facts that should have been stated in the manner