The Thai Securities and Exchange Commission (SEC) has proposed new regulations to expand the approval scope for cryptocurrency companies to include the financial backers of major shareholders. This move aims to enhance oversight of hidden financial flows and mitigate money laundering risks. The proposed rules would require entities providing direct or indirect financial support, including through share acquisitions, to undergo regulatory approval. Public consultation on these regulations will continue until April 22.
Thai SEC Proposes New Regulations for Crypto Company Funding
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