Thailand regulators expand “digital asset depository service” business to protect investors’ assets
Thailand’s Securities Exchanges Commission (SEC) has issued additional rules for conducting business as a digital asset depository service provider. New service providers who want to apply for a license with the SEC can do so starting today. Those who have already provided services and wish to continue doing so must apply by October 11, 2022.
According to the Ministry of Finance’s announcement, those interested in operating a “digital asset depository service provider” business must apply for a business license with the SEC.
The SEC has issued an announcement outlining the rules for operating a digital asset depository service business so that investors can be confident that standard storage of digital assets is effective and customer property is secure, which will protect investors.
The criteria were published in the Government Gazette and will be in effect on September 16, 2022.
Those interested in becoming a digital asset depository service provider should consider this. Starting today, you can apply for a license with the SEC.
