The Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) issued a new set of regulations regarding digital asset businesses (collectively, the “Notifications“). Key takeaways of the Notifications are (i) the designation of new types of digital asset businesses to be regulated under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) (the “Digital Asset Decree“); and (ii) the specification of additional and revised requirements for digital asset business operators.
The Notifications designate the digital asset funds manager and the digital asset advisor as additional regulated digital asset businesses, in addition to the existing exchange, broker, and dealer businesses. The regulations also prescribe the regulatory framework for each business as follows:
The digital asset fund manager means a person who manages, or holds itself to the public as…
