Thai SEC Explains Two Laws Could Apply to Crypto Securities



Thai SEC Explains Two Laws Could Apply to Crypto Securities

Thailand’s Securities and Exchange Commission (SEC) has reportedly clarified how existing laws can apply to crypto securities. In addition, Thai companies planning to issue securities tokens abroad would be guilty of wrongdoing under the Digital Asset Act for avoiding regulated fundraising channels.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Applicable Current Laws

Thai SEC Explains Two Laws Could Apply to Crypto SecuritiesOn Thursday, the Bangkok Post reported that Tipsuda Thavaramara, deputy secretary of the Thai SEC, revealed that “the regulator will have to consider how to deal with STOs [securities token offerings] for issues such as share ownership, voting rights, and dividends.”

Thailand enacted cryptocurrency regulation in May. The country’s Digital Asset Act regulates cryptocurrencies and initial coin offerings (ICOs) and installs the Thai SEC as the main regulator of the crypto industry. However, STOs are not included within the scope of any current laws.

The publication…



Read Full Story : Bitcoin News

2018-12-01 04:50:15

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