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Bangkok Post
Bangkok Post
Business

SEC hardens funding rules for operators

SEC Securities and Exchange Commission
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple and Litecoin are placed on a PC motherboard in this illustration. (Photo: Reuters)

The Securities and Exchange Commission (SEC) has tightened regulations regarding capital requirements for digital asset operators to ensure they have sufficient funds to support their operations, enhance the market's credibility and flexibility, as well as improve investor protection.

SEC secretary-general Ruenvadee Suwanmongkol said the commission's board of directors approved the revised capital regulations for digital asset operators, including digital asset exchanges, brokers and dealers, to increase investor protection at a meeting on July 7.

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