Thai Securities Regulator Considers Various STO Classifications for Regulatory Framework
The deputy secretary of the Thai SEC has said the regulator has yet to decide how to regulate STOs.
The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law, English-language daily Bangkok Post reports Nov. 29.
The aforementioned article states that deputy secretary Tipsuda Thavaramara “said the regulator will have to consider how to deal with STOs for issues such as share ownership, voting rights and dividend.”
There still confusion about how to regulate these kind of offerings, Thavaramara reportedly declared:
“At the moment, we have not decided whether STOs fall under the SEC Act or the Digital Asset Act, but it depends on the STO’s conditions and the details in its white paper.”
Bangkok Post reports that Thavaramara noted that a “STO affiliated with Thai investors…
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