SEC regulating digital asset operators Order Customer Data Report
On March 31, 2022 at 1:58 p.m.
The SEC issues regulations requiring digital asset operators to prepare and submit trading data reports. Exchange and investment in clients’ digital assets
The Securities and Exchange Commission (SEC) has issued rules requiring digital asset operators to prepare and submit trading data reports. Exchange and investment in clients’ digital assets for the benefit of client asset review.
At present, the rules, conditions and methods for operating a digital asset business have not yet been specified in the preparation of trading reports. exchange or investments of customers of digital asset business operators
The SEC, at its meeting No. 2/2022 on February 3, 2022, therefore approved the principle of prescribing rules for operators of digital asset exchanges. digital asset broker digital asset traders and digital asset money manager Make a report on trading data. exchange or investing in digital assets and send a report of such information to the customer This shall be in accordance with the rules, procedures, conditions and periods announced by the Office on the SEC’s website by the SEC together with the Revenue Department. And the Thai digital asset operators trade association defines the details of the report. so that customers can check their own transactions according to the transaction Exchanges or investments made through digital asset operators And can also use such information for the benefit of tax filing as well.
The issuance of the announcement stipulating the said rules has been published in the Government Gazette and is effective from March 30, 2022 by (1) from the effective date of the announcement until April 30, 2022, the business operator will send a report to the customer when the customer request to give the business operator time to adjust; and (2) from May 1, 2022 onwards, the business operator must submit a report to the customer within the next day following the customer makes a transaction. and allow customers to view past transactions for 1 year and 6 months
