
Thailand SEC Eyes New Era with Tokenized Securities System
The SEC has approved multiple digital token projects and is in talks with corporate partners to explore innovative fundraising methods, including soft power and green tokens.
The SEC has approved multiple digital token projects and is in talks with corporate partners to explore innovative fundraising methods, including soft power and green tokens.
Thailand is reportedly considering the prospects of bond-backed stablecoins to shore up its innovation.
The Thai Securities and Exchange Commission (SEC) introduced new regulations allowing private and mutual funds to invest in digital assets, including overseas crypto ETFs.
The Thai SEC said the rules were designed to protect consumers and mitigate the risks of scams in the industry.
The ministry has relaxed tax regulations by waiving the 7% VAT on earnings generated from cryptocurrency and digital token trading. Also, there’s no VAT applicable for token transfers.
The Bank of Thailand plans to put the virtual banks under a “restricted phase” for a few years after beginning operation.