The Securities and Exchange Commission’s (SEC) Criminal Fining Committee has imposed fines on Bitkub Online (BO) and five members of its digital asset selection committee for non-compliance with the SEC’s digital asset listing rules.
According to the SEC’s statement, BO also failed to take into account the conflict of interest protection measure when listing KUB Coin, its homegrown token, on the Bitkub digital exchange.
The five members of the BO selection committee comprise Nithiwat Manesin, Sukrit Puttaviriya, Piyapong Kotchana, Pongsakorn Sutantayavalee and Atakrit Chimphalapiboon. They are responsible for the selection of digital assets to be offered for trading on the digital exchange.
BO and its committee members have each been fined around 2.5 million baht for violating Section 30 of the Digital Assets Act, the SEC said. The total tally of fines is…
