The Securities and Exchange Commission (SEC) has updated the criteria for investing in digital tokens and providing digital asset custodial services to protect investors and support the use of digital technology for national development.
Key Takeaways
- The SEC has updated criteria for investing in digital tokens to align with product risks and promote the use of digital technology in fundraising.
- The criteria include supervising the issuance of investment tokens, supporting custodial wallet provider businesses, and requiring permission for digital asset operators to engage in other businesses.
- The announcement specifying the updated criteria will be effective from January 16, 2024, aiming to raise the quality and reliability of the overall digital asset market.
The updates include removing investment restrictions on certain types of digital tokens, creating criteria for custodial wallet provider businesses, requiring permission for digital asset operators to engage in other businesses, and improving service standards to increase market reliability. These updates will be effective from January 16, 2024.
A digital token is a type of digital asset that represents ownership of something. It can be used to represent ownership of a physical asset, such as a house or a car, or it can be used to represent ownership of a digital asset, such as a cryptocurrency or a piece of software.
Digital tokens are often used in conjunction with blockchain technology, which is a distributed database that allows for secure and transparent transactions. Blockchain technology can be used to track the ownership of digital tokens and to ensure that they are not double-spent.
Source : Thai ข่าว ก.ล.ต. (sec.or.th)
