Thai SEC Raises Capital Requirement for Digital Asset Operators

Thailand’s Securities and Exchange Commission plans to raise capital requirement for licensed operators of digital asset businesses to boost investor confidence and protection.

• The higher amount of paid-up capital requirements for various stakeholders are available for feedback before being implemented, SEC says in a statement Wednesday
• Capital requirement proposals are:
  • Digital asset exchange operators
  • Minimum paid-up capital of 100m baht for platforms with client assets under their custody, an increase from current requirement of 50m baht
  • Minimum capital of 50m baht for operators without client assets, up from 10m baht
  • Digital asset brokers
  • Minimum paid-up capital of 50m baht for ...