# SEC launches Digital Asset Regulatory Sandbox

- Link: https://www.thailand-business-news.com/markets/155904-sec-launches-digital-asset-regulatory-sandbox
- Published: 2024-08-10T12:47:31+07:00
- Author: Abhishek Prakash

**SEC is launching the Digital Asset Regulatory Sandbox to allow for experimentation
and innovation in digital asset services. Eligible services include exchanges, brokers,
and advisors. Participants must meet qualifications set by the SEC.**

---

Bangkok, 9 August 2024 – The Securities and Exchange Commission (SEC) is introducing
the Digital Asset Regulatory Sandbox to facilitate experiments and the development
of innovations supporting the efficient provision of digital asset services in the
real-life context. Interested parties are welcome to participate in the Sandbox 
to test their digital assets-related services, promoting innovative development 
in the capital market under a framework of flexible regulation. The Sandbox is officially
launched today.   

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Earlier in March, the SEC Board passed a resolution approving in principle the establishment
of the Digital Asset Regulatory Sandbox. Later in May, the SEC conducted a public
hearing on this matter to gather comments and suggestions from the public and stakeholders.
Most of the respondents agreed with the principles and the proposed amendments to
the governing regulations.  

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The SEC has therefore issued the regulations determining the characteristics of 
eligible services, the qualifications of participants and the scope of the Sandbox
experiments*, with the key points as follows:  

    ```wp-block-code
    (1) The six eligible digital asset-related services are: (1) Digital Asset Exchange, (2) Digital Asset Broker, (3) Digital Asset Dealer, (4) Digital Asset Fund Manager, (5) Digital Asset Advisor, and (6) Digital Asset Custodial Wallet Provider. The Sandbox participants must incorporate their innovations into the development of digital asset services in the Thai capital market or must participate in a sandbox of the money market regulatory agency; 

    (2) The SEC will consider the participants’ qualifications in various areas, including capital adequacy, work systems, management structure, and conditions for relevant operations under the Sandbox to ensure that the participants are well prepared to provide services within the Sandbox framework; and       
    ```

**Source** : [SEC launches Digital Asset Regulatory Sandbox on 9 August 2024](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11004&rand=113627)