Good trend!!! Thai developers respond to the SEC’s “very clear” token regulation guidelines. believe in opening the way for the private sector to develop innovation Win an announcement that is actually released according to this draft, namely “OK Number One”
because of that The SEC has opened for public hearings. Draft announcement of regulatory guidelines “utility token ready for use” yesterday, it turns out that on the side of developers in Thailand has a positive attitude, considering it “clear” and reflecting that the SEC wants to support the development of innovation
Mr. Dome Charoenyos, Founder and Chief Executive Officer of Tokenine Co., Ltd. (Tokenine), a leading integrated blockchain technology development service provider, revealed to “E-Finance Thai News Agency” that the latest announcement The SEC is a way to unlock innovation development. Because the content of the supervisory guidelines is clear and to the point. Compared to many in the past, which are still ambiguous. and made the private sector dare not expand their business
“Looking at the guidelines of the announcement It can be seen that anything cannot be speculated. and that right is attached to the product The SEC won’t come in and supervise.” Mr. Dom said
Or even the private sector will provide services regarding Utility Token ready to be used in Group 1 (consumer purposes) in the secondary market. It is not considered a digital asset business.
But the SEC will only prohibit digital asset business operators under supervision. (Types of trading centers, brokers and traders of digital assets) List the Utility Token available in Group 1 on the board.
Therefore, it should have a positive effect on various private companies. who want to bring innovation to create for business, whether it is doing NFT, Royalty Point, Voucher and tokens that give the right to redeem concert tickets, etc.
In addition, what is very clear is that Regulators are concerned regarding 2 main issues, on the Bank of Thailand (BOT) side, concerned regarding the use of cryptocurrencies or Means of Payment (MOP). Written just broadly, the corner of the SEC is concerned regarding the Token that pays dividends.
Mr. Samrej Wajanasathien, former Chief Technology Officer (CTO), Bitkub Blockchain Technology Co., Ltd. posted a message on Facebook saying
“Yesterday’s announcement of Sectional Leader. Considered very flippant, called unlocking many things that many people feel at risk whether they can do it or not.
He also revealed to “Thai e-finance news agency” adds to the draft announcement SEC latest that Especially unlocking the NFT, which will solve many pain points, which this draft announcement is still in the public hearing process. If the actual announcement that will come into force is not different from this draft It is considered good.
and added that On the other hand, it is to clarify the scope of the SEC’s supervision in case of deception in the Utility Token group, ready to use group 1 laws of other agencies. Will come to act in place of the SEC, reducing confusion before that, which was still uncertain as to which agency to complain to exactly
consistent with information from the draft announcement that has been specified The negative impact on the trader stated that
“In the case of a utility token ready to use Group 1, it may be necessary to verify and Be careful when dealing with service providers (intermediaries) as Group 1 ready-to-use Utility Token trading providers are exempt from regulatory compliance. Royal Decree on Digital Assets”
“However, traders/users still are protected by other laws such as the consumer protection law and civil and commercial law, etc.”
[ข่าวที่เกี่ยวข้อง : ก.ล.ต.คาดไม่เกิน Q2 ปีนี้ ออกประกาศเกณฑ์กำกับ “Utility Token พร้อมใช้”]
*Investing in digital assets carries a high level of risk. Interested persons should study the information and assess the risks before making an investment decision.
