# SEC updates digital asset regulations to include a wider array of custodial wallet providers

- Link: https://www.thailand-business-news.com/markets/190157-sec-updates-digital-asset-regulations-to-include-a-wider-array-of-custodial-wallet-providers
- Published: 2025-01-21T17:18:51+07:00
- Author: SiamNews PR

**SEC has amended regulations regarding digital asset businesses to support custodial
wallet providers with expertise and experience. Amendments allow more providers 
to offer services to digital asset operators with same shareholders.**

---

Bangkok, 17 January 2025 – The Securities and Exchange Commission (SEC) has revised
its regulations on digital asset businesses to accommodate custodial wallet providers
from experienced and qualified business groups. These providers must demonstrate
expertise and readiness in safeguarding financial assets while serving digital asset
operators with shared major shareholders, provided they adhere to independence rules.
The updated regulations came into effect on 16 January 2025.

ADVERTISEMENT

The SEC held a public hearing on proposed regulations to support diverse digital
asset custodial wallet providers, allowing them to serve operators with shared major
shareholders. Current rules limit providers to listed companies or their subsidiaries.
Most respondents supported the amendments.

The SEC has revised the regulations with the following key updates: 1. Permitting
digital asset custodial wallet providers from designated business groups with the
necessary expertise, experience, and capability to directly manage financial assets
to offer services to digital asset business operators sharing the same major shareholders.
2. Mandating that the digital asset custodial wallet providers mentioned in (1) 
adhere to the independence rules set forth by the SEC.

### Related**Posts**

###  󠀁[Asian stocks retreat as oil rises above $100 and investors reassess global rate risks](https://www.thailand-business-news.com/markets/333019-asian-stocks-retreat-as-oil-rises-above-100-and-investors-reassess-global-rate-risks)󠁿

###  󠀁[Asian markets hold up despite bond rout as US yields enter a structurally higher regime](https://www.thailand-business-news.com/markets/332037-asian-markets-hold-up-despite-bond-rout-as-us-yields-enter-a-structurally-higher-regime)󠁿

###  󠀁[Local Influences and Return Chasing: Entering a New Era in Emerging Equity Markets](https://www.thailand-business-news.com/markets/329573-local-influences-and-return-chasing-entering-a-new-era-in-emerging-equity-markets)󠁿

###  󠀁[Thailand faces a fresh LNG squeeze as Hormuz crisis pushes prices toward US$28/MMBtu](https://www.thailand-business-news.com/markets/commodities/330458-thailand-faces-a-fresh-lng-squeeze-as-hormuz-crisis-pushes-prices-toward-us28-mmbtu)󠁿

**Source** : [SEC amends digital asset business regulations to support greater variety of digital asset custodial wallet providers](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11503&rand=113627)