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Bangkok Post
Bangkok Post
Business

Major shareholders in digital asset ventures need SEC nod

SEC Securities and Exchange Commission Ministry of Finance
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple and Litecoin are placed on a PC motherboard in this illustration. REUTERS

Digital asset businesses are now subject to seeking the approval of the Securities and Exchange Commission (SEC) if they are set to have a major shareholder, the Thai regulator said on Monday.

According to an SEC statement, a digital asset business operator must submit an application for the approval of a person who is a major shareholder with the SEC as prescribed by a Ministry of Finance notification.

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