Bangkok, 8 July 2020 – SEC is seeking public comments on proposed amendments to the rules governing digital asset businesses to ensure supervision suitable for the industry developments and the current market environment in line with international standards, and to enhance supervision on important matters in line with the regulations governing securities businesses to protect investors’ interest.
The proposed amendments aim to improve the
rules and guidelines for operating digital asset businesses to be more timely
and appropriate in line with the industry developments and the current market
environment. While digital asset businesses are innovative and constantly related
to technological advancement and financial innovation, SEC continues to promote
the optimal use of digital assets to support the national economic and social
development and to ensure proper investor protection.
The public hearing is conducted on proposed regulations governing digital asset
businesses in three major areas, namely (1) improvement of
business operation in such areas as data storage system, management system,
custody of clients’ assets and sale promotion advertising, (2) reporting of
duty performance of introducing broker agents, and (3) establishment
of compliance unit of digital asset business operators to be in line with the
regulations governing securities business operators and derivatives business
operators.
Previously, the SEC conducted a public hearing on the principles for amending
the aforesaid digital asset business regulations, took into consideration the
comments and suggestions gathered therefrom, and studied further details before
proposing the current draft amendments to digital asset business regulations.
The consultation paper is available at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=633. Stakeholders and
interested parties are welcome to give comments and suggestions via the website
or email: ekarit@sec.or.th. The public hearing ends on 15 July 2020.
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