KCN THAILAND: CHANGES IN THE LAW ON CRYPTO ASSETS

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KCN THAILAND: CHANGES IN THE LAW ON CRYPTO ASSETS

Thailand: starting in 2020, the Digital Assets Act will be amended. According to a Bangkok Post agency: “The Securities and Exchange Commission (SEC) plans to amend the royal decree on digital asset businesses next year, aiming to facilitate the growth of digital assets while protecting investors from unnecessary risk… The Securities and Exchange Commission (SEC) plans to amend the royal decree on digital asset businesses next year, aiming to facilitate the growth of digital assets while protecting investors from unnecessary risk. The royal decree covers cryptocurrencies, digital tokens and any other electronic data unit, as specified by the SEC. Exchanges, brokers and dealers are required to apply for licences from the Finance Ministry, while ICO portals must be approved by the SEC. -Digital asset licences issued. -Digital asset scope may grow. -Regulator mulls protection fund for losses. Ms Ruenvadee said many firms are keen to apply to become token digital issuers, but digital tokens and the ICO must be offered to the public through ICO portal companies and all three authorised by the SEC have not begun operations. Stay with us! The news release partner STEX.com.

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